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Version status: In force | Document consolidation status: No known changes
Version date: 30 July 2024 - onwards
Version 2 of 2

14. Establishment, purpose, control and management of ICN Fund

(1) There shall stand established, on the coming into operation of this section, a fund to be known as the Infrastructure, Climate and Nature Fund (in this Act referred to as the "ICN Fund").

(2) The purpose of the ICN Fund shall be to support State expenditure -

(a) in 2026 or any year thereafter, where there has been, or is likely to be in the subsequent year, a significant deterioration in the economic or fiscal position of the State, and

(b) in each of the years 2026 to 2030, on designated environmental projects.

(3) The ICN Fund shall be controlled and managed by the Agency.

(4) Ownership of the ICN Fund shall vest in the Minister.