AI Summary of 3. Expenses
The expenses incurred by the Minister in administering the Act shall be paid from moneys provided by the Oireachtas, to the extent sanctioned by the Minister for Public Expenditure, National Development Plan Delivery and Reform. The Bank is restricted from providing funds from its own resources, except for those arising from specific levies and fees related to its functions under the Act.
At the Minister's discretion, the Minister may advance sums to the Bank, upon its written request, to cover expenses that cannot be defrayed through the aforementioned levies or fees in a given year. All sums required by the Minister under this section will be advanced from the Central Fund or its growing produce.
3. Expenses
(1) The expenses incurred by the Minister in the administration of this Act shall, to such extent as may be sanctioned by the Minister for Public Expenditure, National Development Plan Delivery and Reform, be paid out of moneys provided by the Oireachtas.
(2) The Bank shall not provide any funds from its own resources, other than from -
(a) those resources arising to it from -
(i) any levies prescribed under section 40,
(ii) any fees prescribed under section 41, or
(iii) any levies prescribed by the Central Bank Commission under section 32D of the Act of 1942,
as the case may be, in respect of the performance of its functions under this Act, and
(b) those resources provided to it under subsection (3), to defray expenses of the Bank incurred by it in the performance of its functions under this Act.