Oireachtas Joint and Select Committees

Wednesday, 27 March 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform

National Lottery Bill 2012: Committee Stage

2:40 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay. It is a receipt, and the desired intention is that there will be capital ring-fencing of a specific sum of money. We do not know what the tendering processes will be and therefore we cannot say to the dollar how much that capital sum will be or whatever. Deputy Fleming indicated that the National Treasury Management Agency may be a holding account for this while planning permission is being sought, the site is cleared and so on. Does the Minister have a process in place that is not in the legislation and if so, how he sees this being done? He might explain to us how it will happen.

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