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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 23 December 2014 - onwards
  Version 3 of 3    

92. Capital Services Redemption Account.

Repealed from 23 December 2014

(1) In this section -

"capital services" has the same meaning it has in the principal section;

"fifty-second additional annuity" means the sum charged on the Central Fund under subsection (3);

"principal section" means section 22 of the Finance Act 1950.

(2) In relation to the twenty-nine successive financial years commencing with the financial year ending on 31 December 2004, subsection (2) of section 169 of the Finance Act 2003 shall have effect with the substitution of "€0.00" for "€29,663,454".

(3) A sum of €0.00 to redeem borrowings, and interest on such sum, in respect of capital services shall be charged annually on the Central Fund or the growing produce of that Fund in the thirty successive financial years commencing with the financial year ending on 31 December 2004.

(4) The fifty-second additional annuity shall be paid into the Capital Services Redemption Account in such manner and at such times in the relevant financial year as the Minister for Finance may determ

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