Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

I wish to clarify a matter. I was involved in the preparation of a substantive report on the establishment of Irish Water when I chaired the Oireachtas Joint Committee on the Environment, Transport, Culture and the Gaeltacht. The official sitting next to me is one of the main people who prepared the report. I understand that the provision we are debating is the same as the way Bord Gáis and the ESB issue bonds. The most recent bonds issued by Bord Gáis and the ESB were oversubscribed in terms of infrastructural development. Is that what the tax relates to?