Oireachtas Joint and Select Committees
Wednesday, 31 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functioning of IBRC: Discussion
11:10 am
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
To be clear, every year when the payment is made by the State to the IBRC, it will be transferred to pay down the ELA liability. I just want to be clear about this to make sure there is no retention of some of it and that all of it is transferred to write down the ELA liability which is written down by a corresponding amount.
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