Oireachtas Joint and Select Committees
Thursday, 7 November 2013
Public Accounts Committee
Bord na gCon - Annual Accounts 2011
12:10 pm
Seán 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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