Oireachtas Joint and Select Committees

Wednesday, 24 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Functions of NAMA: Discussion

4:20 pm

Mr. Brendan McDonagh:

We deal with the City and County Managers Association. We also deal with individual local authorities. Our door is open if a local authority or the Department of Education and Skills wants to talk to us about particular matters. We do whatever we can to facilitate them. If a local authority makes an approach and if we can reach an agreement about whether it wants either to rent or buy a property, we proceed on the basis of whatever is the market value of that property. I do not believe there has ever been an instance where, when we have been approached, we have not done our best to accommodate a local authority.

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