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The Laganside Development (Northern Ireland) Order 1989
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- Northern Ireland Orders in Council
- 1989 No. 490 (N.I. 2)
- PART II
- Financial provisions
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Changes over time for: Cross Heading: Financial provisions
Version Superseded: 01/07/2007
Alternative versions:
- 01/01/2006- Amendment
- 01/04/2007- Amendment
- 01/04/2007
Point in time - 01/07/2007- Amendment
Status:
Point in time view as at 01/04/2007.
Changes to legislation:
There are currently no known outstanding effects for the The Laganside Development (Northern Ireland) Order 1989, Cross Heading: Financial provisions.
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Financial provisionsN.I.
Financial duties of the CorporationN.I.
5. F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Grants to the Corporation by DepartmentN.I.
6.—(1) The Department may, with the approval of the Department of Finance and Personnel, pay to the Corporation in respect of the exercise of its functions and in respect of its administrative expenses, such sums as the Department may, with the approval of the Department of Finance and Personnel, determine.
(2) The payment may be made on such terms as the Department may, with the approval of the Department of Finance and Personnel, determine.
Borrowing by the CorporationN.I.
7. F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Payment by the Corporation of surplus funds to DepartmentN.I.
8.—(1) The Department, with the approval of the Department of Finance and Personnel, may direct the Corporation to pay to the Department out of any money which appears to the Department to be surplus to the requirements of the Corporation such sums as the Department may determine.
(2) The Corporation shall comply with any direction under paragraph (1).
(3) The whole or part of any payment made to the Department under this Article shall, if the Department with the approval of the Department of Finance and Personnel so determines, be treated as made by way of repayment of such part of the principal of government loans made to the Corporation under Part III of the Financial Provisions (Northern Ireland) Order 1983 and as made in respect of the repayments due at such times, as may be so determined.
(4) Any sums received by the Department under this Article shall be paid into the Consolidated Fund.
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