Seanad debates
Tuesday, 11 February 2003
Industrial Development (Science Foundation Ireland) Bill 2002: Committee and Remaining Stages.
2:30 pm
Michael Ahern (Cork East, Fianna Fail)
This amendment retains the content of the original text and expands it to include (b) above. The effect of the full text now proposed is that where an agency now proposes to give an undertaking of training grants of €5 million or €5 million in excess of the level of training grant previously approved by the Government it must receive the approval of the Government before committing to the grant. The Government has the power to refuse approval, to approve the amount proposed with conditions or to approve a lesser amount. It does not have the power to increase the amount of the grant proposed. The reference to the Act of 1995 was also incorrect. It should refer to the Act of 1998.
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