Oireachtas Joint and Select Committees

Wednesday, 20 February 2013

Joint Oireachtas Committee on Education and Social Protection

Residential Institutions Statutory Fund Board: Discussion with Chairperson Designate

3:10 pm

Ms Sylda Langford:

At the moment I understand there is €40 million in an account in the Central Bank. A further €27 million is due soon. As soon as the board is established, the fund transfers to the NTMA into an interest bearing account and the rest of the money will come in afterwards.

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