(1) Section 268 of the Principal Act is amended -

(a) in subsection (11), by substituting "grant assistance or any other assistance which is granted by or through the State, any board established by statute, any public or local authority or any other agency of the State" for "grant assistance from the State or from any other person", and

(b) in subsection (12) -

(i) in paragraph (a), by deleting "and", and

(ii) by substituting the following for paragraph (b):

"(b) that the expenditure concerned falls within the meaning of 'initial investment' contained in point 4.4 of the 'Guidelines on National Regional Aid' [O.J. No. C 74, 10.3.1998, p. 9] prepared by the Commission of the European Communities,