Oireachtas Joint and Select Committees
Thursday, 27 February 2014
Public Accounts Committee
Payments to Section 39 Companies: Discussion
1:50 pm
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
According to the Department of Finance document from 2004 that Ms Kerins brought in to us, the conditions of the scheme stipulate that any funding provided under the scheme must be spent on the charitable activities of the organisation and cannot be used for administrative purposes. Ms Kerins said it was a very broad interpretation of the administrative purpose definition because it was not actually laid out in the document. However, it is quite clear that it cannot be used for administration.
No comments