Oireachtas Joint and Select Committees

Thursday, 7 November 2013

Public Accounts Committee

Bord na gCon - Annual Accounts 2011

12:10 pm

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

That was a bad time to be selling property or finding buyers. I wanted to clarify that issue because there was a serious write-down that had not been mentioned so far.

A figure is shown in the accounts for capital grants to private stadia. We have received an information note from Bord na gCon and I am conscious of the serious difficulties it faces. I understand it has a bank facility of €25 million, but what is its legal borrowing requirement?

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