As I indicated, the main purpose of the Bill is to provide for the establishment of Science Foundation Ireland as an agency of Forfás. The Bill also provides for amendments to the Industrial Development Acts 1986 to 1998 and the Shannon Free Airport Development Company (Amendment) Act 1986. These amendments arise from the establishment of the foundation as an agency of Forfás and also the necessity to update certain financial limits. Part 1 of the Bill contains standard provisions relating to the short title, collective citation, interpretations, establishment day, expenses and procedure for making regulations. Part 2 deals with the establishment of Science Foundation Ireland. Section 6 provides for the establishment of the foundation as a corporate body and an agency of Forfás. In that regard, the foundation will come within the policy and co-ordination remit of Forfás and its powers have been extended to allow for this in section 34.