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AERODROMES ACT (NORTHERN IRELAND) 1971 - SECT 15

Financial assistance for aerodromes.

15.(1) The Ministry with the approval of the Ministry of Finance may make
grants or loans to any aerodrome undertaking to enable that undertaking to
defray capital expenditure which has been or may be incurred by the
undertaking with the approval of the Ministry.

(2) Any loan made by the Ministry under subsection (1) shall be repaid to it
at such times and by such methods, and interest thereon shall be paid to the
Ministry at such rates and at such times as the Ministry with the approval of
the Ministry of Finance may from time to time determine.

(3) Sums recoverable under section 3(10) by the Ministry from an aerodrome
undertaking shall, for the purposes of this section, be treated as capital
expenditure which has been incurred by the undertaking with the approval of
the Ministry.

© 1971 Crown Copyright

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