LOCAL GOVERNMENT AND ROADS ACT (NORTHERN IRELAND) 1968 - SECT 2 Loans to relevant undertakings.

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LOCAL GOVERNMENT AND ROADS ACT (NORTHERN IRELAND) 1968 - SECT 2

Loans to relevant undertakings.

2.(1) Subject to subsection (2), the Ministry and, with the Ministry's
approval, [the Northern Ireland Housing Executive], may, for the purpose of
enabling a person carrying on a relevant undertaking to purchase or take on
lease any land or to erect any buildings, advance money by way of mortgage or
charge to that person.

(2) The Ministry shall not make an advance under subsection (1) to any person
unless the land of the relevant undertaking carried on by him is being or has
been acquired by the Ministry for the purposes of any road works.

(3) In this section ... "relevant undertaking" [has] the same [meaning] as in
section 1.

Part IIS s. 311 rep. by SRO (NI) 1973/285; 1980 NI 11 art.64(2) sch.9. S.12
rep. by 1970 c.2 (NI) s.192 sch.5. S.13 rep. by 1980 NI 11 art.64(2) sch.9.
S.14(1)(a) rep. by SRO (NI) 1973/285; para.(b) repeals in pt. sch.5 to 1948
c.28 (NI); para.(c) rep. by SRO (NI) 1973/285; subs.(2) rep. by SRO (NI)
1973/285; 1980 NI 11 art.64(2) sch.9; subs.(3) rep. by 1980 NI 11 art.64(2)
sch.9

S.15 rep. by SLR 1976. Ss.16, 17 rep. by 1980 NI 11 art.64(2) sch.9

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Northern Irish Legislation

LOCAL GOVERNMENT AND ROADS ACT (NORTHERN IRELAND) 1968 - SECT 2