S.I. No. 922/2005 - Dormant Accounts (Amendment) Act 2005 (Establishment Day) Order 2006

1. This Order may be cited as the Dormant Accounts (Amendment) Act 2005 (Establishment Day) Order 2006.

Establishment day.

2. The 4th day of January, 2006 is appointed to be the establishment day for the purposes of the

Dormant Accounts (Amendment) Act 2005

(No. 8 of 2005).

GIVEN under my Official Seal,

21 December 2005.

ÉAMON Ó CUÍV

Minister for Community, Rural and Gael- tacht Affairs.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

The

Dormant Accounts (Amendment) Act 2005

provides for changes in relation to decision-making on disbursements from the Dormant Accounts Fund and for the establishment of a reconstituted Board (the Dormant Accounts Board).

This Order provides that the Dormant Accounts Board is established on 4th day of January, 2006 as per the provisions of

Section 30

of the

Dormant Accounts (Amendment) Act 2005

.

The functions of the Dormant Accounts Board are to prepare a Disbursement Plan for the disbursement of moneys from the Dormant Accounts Fund and to review and assess the impact and additionality of spending from the Dormant Accounts Fund.

I, ÉAMON Ó CUÍV, Minister for Community, Rural and Gaeltacht Affairs, in exercise of the power conferred on me by

section 2

of the

Dormant Accounts (Amendment) Act 2005

(No. 8 of 2005), hereby order as follows

Citation.