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
9:35 pm
Fergus O'Dowd (Louth, Fine Gael) | Oireachtas source
I move amendment No. 48:
4 | Section 11 | Substitute “Subject to section 16 of the and sections 30, 36and 48of the National Treasury Management Agency (Amendment) Act 2014, the expenses” for “The expenses”. |
This is an amendment to section 11 of the 1990 Act which states that the expenses of the agency are to be paid from central funds. The Bill as published amends this to exclude NDFA expenses which are paid out of the post office savings fund and State Claims Agency expenses relating to its new legal costs unit which are also paid out of the post office savings bank fund. These expenses will all now be direct expenses of the agency itself. We must also take account of section 16 of the National Treasury Management Agency (Amendment) Act 2000 which provides that State Claims Agency expenses are to be paid from the post office savings bank fund. This referred to the functions of the State Claims Agency other than those of the legal costs unit provided for under this Bill.
No comments