Oireachtas Joint and Select Committees

Tuesday, 1 July 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

National Treasury Management Agency (Amendment) Bill 2014: Committee Stage

8:20 pm

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

My understanding is that the entities in question must be enterprises. Deputy Higgins might be in the space if he is talking about affordable housing programmes that are enterprising and where a profit is being made to some extent, albeit for a social gain, and to be reinvested. If a capital investment by the State is involved, which goes onto the State asset book as a capital investment, that is outside the scope of the provision. If the Minister of State could clarify the matter it would assist us in getting through the section.

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