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Future Ireland Fund and Infrastructure, Climate and Nature Fund Act 2024 (No. 16)Introductory TextActs Referred toPart 1 Preliminary and General (ss. 1-3)1. Short title and commencement2. Definitions3. ExpensesPart 2 Future Ireland Fund (ss. 4-12)4. Definitions (Part 2)5. Establishment, purpose, control and management of FI Fund6. Investment policy for FI Fund7. Investment strategy for FI Fund8. Payments into FI Fund9. Payments into FI Fund where deterioration in economic or fiscal position of State10. Report by Agency to Minister on proposed payments from FI Fund to Exchequer11. Payments from FI Fund to Exchequer12. Delay in certain payments from FI Fund to ExchequerPart 3 Infrastructure, Climate and Nature Fund (ss. 13-23)13. Definitions (Part 3)14. Establishment, purpose, control and management of ICN Fund15. Investment policy for ICN Fund16. Investment strategy for ICN Fund17. Payments into ICN Fund18. Payments into ICN Fund from 2025 to 2030 where deterioration in economic or fiscal position of State19. Payments from ICN Fund to Exchequer where deterioration in economic or fiscal position of State20. Designated environmental projects21. Payments from ICN Fund to Exchequer to support expenditure by State on designated environmental projects22. Delay in certain payments from ICN Fund to Exchequer23. Review of operation, effectiveness and impact of ICN FundPart 4 Deterioration in Economic or Fiscal (ss. 24-26)24. Definitions (Part 4)25. Assessment by Fiscal Council as to whether there has been a deterioration in economic or fiscal position of State26. Assessment by Minister as to whether there has been a deterioration in economic or fiscal position of StatePart 5 Management of Funds and Expenses (ss. 27-32)27. Definitions (Part 5)28. Management of relevant Funds29. Notice of payment into relevant Funds30. Expenses of Agency in relation to relevant Funds31. Investment in fossil fuel undertakings32. Report and information to Minister relating to operation of relevant FundsPart 6 Miscellaneous (ss. 33-37)33. Amendment of Act of 199034. Amendment of Act of 201435. Dissolution of National Surplus (Exceptional Contingencies) Reserve Fund36. Repeal of Act of 201937. Amendments to miscellaneous enactments relating to taxationSchedule 1 Amendments of ActsSchedule 1, Part 1 Amendment of Taxes Consolidation Act 1997Schedule 1, Part 2 Amendment of Stamp Duties Consolidation Act 1999Schedule 2 Amendment of Return of Payments (Insurance Undertakings) Regulations (S.I. No. 641 of 2011)
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Version status: Partly in force | Document consolidation status: No known changes
Published date: 18 June 2024

Future Ireland Fund and Infrastructure, Climate and Nature Fund Act 2024 (No. 16)

Introductory Text
Acts Referred to
Part 1 Preliminary and General (ss. 1-3)
1. Short title and commencement
2. Definitions
3. Expenses
Part 2 Future Ireland Fund (ss. 4-12)
4. Definitions (Part 2)
5. Establishment, purpose, control and management of FI Fund
6. Investment policy for FI Fund
7. Investment strategy for FI Fund
8. Payments into FI Fund
9. Payments into FI Fund where deterioration in economic or fiscal position of State
10. Report by Agency to Minister on proposed payments from FI Fund to Exchequer
11. Payments from FI Fund to Exchequer
12. Delay in certain payments from FI Fund to Exchequer
Part 3 Infrastructure, Climate and Nature Fund (ss. 13-23)
13. Definitions (Part 3)
14. Establishment, purpose, control and management of ICN Fund
15. Investment policy for ICN Fund
16. Investment strategy for ICN Fund
17. Payments into ICN Fund
18. Payments into ICN Fund from 2025 to 2030 where deterioration in economic or fiscal position of State
19. Payments from ICN Fund to Exchequer where deterioration in economic or fiscal position of State
20. Designated environmental projects
21. Payments from ICN Fund to Exchequer to support expenditure by State on designated environmental projects
22. Delay in certain payments from ICN Fund to Exchequer
23. Review of operation, effectiveness and impact of ICN Fund
Part 4 Deterioration in Economic or Fiscal (ss. 24-26)
24. Definitions (Part 4)
25. Assessment by Fiscal Council as to whether there has been a deterioration in economic or fiscal position of State
26. Assessment by Minister as to whether there has been a deterioration in economic or fiscal position of State
Part 5 Management of Funds and Expenses (ss. 27-32)
27. Definitions (Part 5)
28. Management of relevant Funds
29. Notice of payment into relevant Funds
30. Expenses of Agency in relation to relevant Funds
31. Investment in fossil fuel undertakings
32. Report and information to Minister relating to operation of relevant Funds
Part 6 Miscellaneous (ss. 33-37)
33. Amendment of Act of 1990
34. Amendment of Act of 2014
35. Dissolution of National Surplus (Exceptional Contingencies) Reserve Fund
36. Repeal of Act of 2019
37. Amendments to miscellaneous enactments relating to taxation
Schedule 1 Amendments of Acts
Schedule 1, Part 1 Amendment of Taxes Consolidation Act 1997
Schedule 1, Part 2 Amendment of Stamp Duties Consolidation Act 1999
Schedule 2 Amendment of Return of Payments (Insurance Undertakings) Regulations (S.I. No. 641 of 2011)
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