S.I. No. 341/1986:

URBAN RENEWAL ACT, 1986 (REMISSION OF RATES) (CUSTOM HOUSE DOCKS AREA) SCHEME, 1986.

URBAN RENEWAL ACT, 1986 (REMISSION OF RATES) (CUSTOM HOUSE DOCKS AREA) SCHEME, 1986.

The Minister for the Environment, in exercise of the powers conferred on him by section 7 of the Urban Renewal Act, 1986 (No. 19 of 1986), hereby makes the following scheme:

1. This scheme may be cited as the Urban Renewal Act, 1986 (Remission of Rates) (Custom House Docks Area) Scheme, 1986.

2. In this scheme:--

"the Act of 1986" means the Urban Renewal Act, 1986 ;

"Custom House Docks Area" has the meaning assigned to it by section 3 of the Act of 1986.

3. This scheme shall operate during the period commencing on the day on which the first planning scheme for the Custom House Docks Area is approved under section 12 of the Act of 1986 and ending on the expiry of the last remission under article 5 of this scheme

4. This scheme shall apply in respect of all premises which are situate in the Custom House Docks Area and are certified by the Custom House Docks Development Authority to have been erected, enlarged or improved within the period of five years commencing on the day on which the first planning scheme for the Custom House Docks Area is approved under section 12 of the Act of 1986.

5. Rates leviable in respect of premises to which this scheme applies shall be remitted as follows;

( a ) where it is determined by the Commissioner of Valuation that the entire valuation of the hereditament which consists of or includes the premises is attributable to the erection, enlargement or improvement of the premises, the remission shall have effect in relation to the rates leviable on that valuation;

( b ) where the valuation of the hereditament which consists of or includes the premises is increased and it is determined by the Commissioner of Valuation that the increase or part of the increase is attributable to the erection, enlargement or improvement of the premises, the remission shall have effect in relation to the rates leviable on that increase or that part of the increase;

( c ) every remission shall have effect in respect of the ten local financial years next following that in which the valuation or increased valuation comes into force.

GIVEN under the Official Seal of the Minister for the Environment this

24th day of October, 1986.

JOHN BOLAND,

Minister for the Environment.

The Minister for Finance hereby consents to this scheme.

GIVEN under the Official Seal of the Minister for Finance this 24th day

of October, 1986.

JOHN BRUTON,

Minister for Finance.

EXPLANATORY NOTE.

This scheme provides for remission of rates in respect of certain premises which are erected, enlarged or improved in the Custom House Docks Area.