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Version status: Published
Version date: 25 March 2024 - onwards

17. Payments into ICN Fund

This format of the bill is taken from the text of stage 1 published on 25 March 2024 by Dáil Éireann

(1) Subject to section 18, in each of the years 2025 to 2030, the Minister shall, from the Central Fund or the growing produce thereof, pay €2 billion into the ICN Fund.

(2) Where, in any of the years 2024 to 2029, by a resolution passed by that House on a proposal by the Minister, Dáil Éireann approves the making of a payment of a specified sum from the Central Fund or the growing produce thereof into the ICN Fund in the subsequent year in addition to the payment of the sum referred to in subsection (1), the Minister shall, in that subsequent year, pay into the ICN Fund such specified sum from the Central Fund or the growing produce thereof.

(3) Where, in 2030 or any year thereafter, by a resolution passed by that House on a proposal by the Minister, Dáil Éireann approves the making of a payment of a specified sum from the Central Fund or the growing produce thereof into the ICN Fund in the subsequent year, the Minister shall, in that subsequent year, pay into the ICN Fund such specified sum from the Central Fund or the growing produce thereof.