Oireachtas Joint and Select Committees
Wednesday, 15 January 2014
Public Accounts Committee
Oversight of Irish Water: Discussion
9:40 pm
Ms Maria Graham:
Yes, but there is no exposure to the Exchequer in regard to the €150 million or the expenditure to date. There is no Exchequer funding. We did give them a letter but those letters were required up to the point at which the National Pensions Reserve Fund lending went into Irish Water. It was a cost recovery for that period of time - it was a commitment.
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