s. 28 (7) The Commission may invest any money standing S. 27(7) to the credit of the Fund in accordance with the amended by No. 100/1995 powers conferred on it under the Borrowing and s. 10(1)(Sch. 1 Investment Powers Act 1987. item 5.1(b)). (8) If any money is invested under subsection (7) in the purchase of any land or the construction or alteration of any buildings, the whole or part of the land or buildings may be used by the Commission in connection with its powers, duties or functions under this Act. (9) In the performance of its functions, the Commission may for the purposes of and in accordance with any rule of any court in that behalf, execute and lodge with the proper officer of the court a bond conditioned for the payment into court by the Commission of a sum of money in satisfaction of any claim. S. 28 28 Borrowing powers substituted by No. 100/1995 The Commission may obtain financial s. 10(1)(Sch. 1 accommodation subject to and in accordance with item 6.1). the powers conferred on it under the Borrowing and Investment Powers Act 1987. S. 28A * * * * * inserted by No. 68/1991 s. 11, repealed by No. 61/1994 s. 42(1). 29 Budget (1) The Commission, before a date to be fixed by the Minister each year, must submit to the Minister for the Minister's approval an operating budget for the next financial year.
S. 27(7) amended by No. 100/1995 s. 10(1)(Sch. 1 item 5.1(b)). (7) The Commission may invest any money standing to the credit of the Fund in accordance with the powers conferred on it under the Borrowing and Investment Powers Act 1987. (8) If any money is invested under subsection (7) in the purchase of any land or the construction or alteration of any buildings, the whole or part of the land or buildings may be used by the Commission in connection with its powers, duties or functions under this Act. (9) In the performance of its functions, the Commission may for the purposes of and in accordance with any rule of any court in that behalf, execute and lodge with the proper officer of the court a bond conditioned for the payment into court by the Commission of a sum of money in satisfaction of any claim. S. 28 substituted by No. 100/1995 s. 10(1)(Sch. 1 item 6.1). s. 28 28 Borrowing powers The Commission may obtain financial accommodation subject to and in accordance with the powers conferred on it under the Borrowing and Investment Powers Act 1987. S. 28A inserted by No. 68/1991 s. 11, repealed by No. 61/1994 s. 42(1). * * * * * 29 Budget (1) The Commission, before a date to be fixed by the Minister each year, must submit to the Minister for the Minister's approval an operating budget for the next financial year.
86-111a123.docx