Seanad debates

Tuesday, 11 February 2003

Industrial Development (Science Foundation Ireland) Bill 2002: Committee and Remaining Stages.

 

2:30 pm

Photo of Michael AhernMichael Ahern (Cork East, Fianna Fail)

The relevant Government decision, referred to in the previous amendment, stated that the Minister should consult rather than notify the Government in the event of the foundation deciding to establish a research laboratory. The text is being aligned in accordance with the Government decision.

Amendment agreed to.

Section 26, as amended, agreed to.

Sections 27 and 28 agreed to.

NEW SECTION.

Government amendment No. 18:

In page 18, before section 29, to insert the following new section:

"29.–Section 28 of the Act of 1986 is amended by substituting the following for subsection (4) (as amended by the Act of 1998):

'(4) Without the prior permission of the Government, the total amount of money granted to a particular undertaking under this section shall not exceed in the aggregate the higher of–

(a)€5,000,000, or

(b)€5,000,000 in excess of the aggregate amount of such expenditure for which the prior permission of the Government has previously been obtained.'.".

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