PART III

Industrial Development Authority

Chapter I

General Provisions

11. —The Authority shall have, in addition to the functions assigned to it by section 3 of the Act of 1950, the following general functions—

(i) to act under the Minister as a body having national responsibility for the furtherance of industrial development;

(ii) to provide and administer such grants and other financial facilities for industry as it may be authorised by the Oireachtas to provide and to administer;

(iii) to develop, construct, maintain and administer industrial estates and factory buildings (other than at the Shannon Customs Free Airport) together with the associated facilities of such estates and buildings;

(iv) to provide and arrange, where the Authority considers it necessary, housing for employees in industry;

(v) to foster the national objective of regional industrial development.

12. —The Authority may in the exercise of its functions have regard to the extent to which an industrial undertaking will serve to promote national objectives for regional development.

13. —Section 5 of the Act of 1950, which relates to the Authority's power to summon witnesses, shall not apply to the functions conferred on the Authority by this Act.

14. —The Authority shall not make a grant in respect of the establishment, development or maintenance of an industrial undertaking at the Shannon Customs Free Airport.

15. —(1) The Authority may provide sites, buildings, services and facilities in any part of the State (other than at the Shannon Customs Free Airport) where the Authority considers or anticipates that industrial development will or is likely to occur.

(2) The powers conferred on An Foras Tionscal by section 5 of the Act of 1952 and vested in the Authority by virtue of Part II of this Act may be exercised by the Authority for the purposes of subsection (1) of this section in any part of the State other than the Shannon Customs Free Airport.

16. —(1) The Authority may provide and arrange the provision of housing intended for occupation by employees in industry and, for this purpose, may buy, lease or sell lands, subsidise rents and do everything necessary or ancillary to such provision.

(2) The Authority may carry out its functions under this section by arrangement with or through the agency of the National Building Agency Limited, a local authority or the industry in connection with which the housing is being provided.

17. —(1) In each financial year there may be paid by the Minister to the Authority out of moneys provided by the Oireachtas grants of such amounts as the Minister with the consent of the Minister for Finance may sanction to enable the Authority—

(a) to meet its administration and general expenses, and

(b) to discharge the obligations or liabilities incurred by the Authority under this Act or otherwise, including any obligations or liabilities incurred by reason of any transfer of powers or functions effected by this Act.

(2) The aggregate amount of grants made by the Authority under the Industrial Grants Act, 1956 , and of grants (other than grants under section 12 of the Act of 1952) made by An Foras Tionscal and the Minister under the Undeveloped Areas Acts, 1952 to 1969, and the Industrial Grants Acts, 1959 to 1969, and by the Authority under this Act, and of payments made by An Foras Tionscal and the Minister on foot of guarantees given by An Foras Tionscal and the Minister under the Industrial Grants Act, 1959 and of payments made by the Authority on foot of guarantees given under this Act and of payments made by An Foras Tionscal or the Authority under section 4 of the Act of 1966 and of payments made by the Authority under section 15 of this Act, shall not exceed £100,000,000.

(3) The aggregate amount of grants under section 12 of the Act of 1952, section 3 of the Industrial Grants Act, 1956 , and subsection (1) (b) of this section shall not exceed £100,000,000.

18. —(1) The Minister may by order, made with the consent of the Minister for Labour, provide for the transfer to An Chomhairle Oiliúna of some or all (as may be specified in the order) of the powers conferred on the Authority by section 39 of this Act.

(2) An order under this section may make such consequential and ancillary provisions and such adaptations as appear to the Minister to be necessary.

(3) An order made under this section shall as soon as may be after it is made be laid before each House of the Oireachtas.

19. —(1) The Authority may accept a gift of money, land or other property on such trusts and conditions as may be specified by the donor.

(2) The Authority shall not accept a gift if a condition attached by the donor to the acceptance of the gift is inconsistent with the functions of the Authority.

20. —The Authority may, with the consent of the Minister given with the concurrence of the Minister for Finance, borrow temporarily by arrangement with bankers such sums as it may require for the purpose of providing for current expenditure.

21. —The Authority may, out of moneys at its disposal, from time to time employ such consultants or advisers as it may consider necessary for the discharge of its functions.

22. —The Second Schedule to this Act shall apply to the Authority.

23. —No stamp duty shall be payable on any instrument under which any land, easement, way-leave, water right or other right whatsoever over or in respect of land or water is acquired by the Authority.