Denis Naughten (Longford-Roscommon, Fine Gael)
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Question 174: To ask the Minister for Agriculture and Food the provisions of section 3 of the Land Act 2005; and if she will make a statement on the matter. [37438/05]

Mary Coughlan (Donegal South West, Fianna Fail)
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Section 3 of the Land Act 2005 makes legislative provision for the Minister for Agriculture and Food to introduce, by regulation, a scheme whereby persons in possession of land which is subject to a land purchase annuity in respect of which the annual sum payable is greater than €200 may, if there are no unpaid arrears of such annuity, apply to redeem the annuity concerned by a single payment equal to 75% of the redemption price of such annuity. It is my intention that the scheme will commence on 1 January 2006 and end on 30 June 2006.