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AI Summary of 914. Funding

Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 9 June 2017 - onwards
Version 3 of 3

914. Funding

(1) For the purposes specified in section 915(1), the Supervisory Authority in each financial year -

(a) shall be paid a grant in accordance with subsection (2), and

(b) may impose a levy under section 916.

(2) In each financial year, a grant not exceeding 40 per cent of the annual programme of expenditure approved for that year under section 911 shall, subject to any conditions that the Minister thinks proper, be paid to the Supervisory Authority out of money provided by the Oireachtas.