Oireachtas Joint and Select Committees

Thursday, 11 December 2014

Public Accounts Committee

Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013

11:40 am

Mr. John Doyle:

We notified the Minister within the past six weeks that we did not envisage ourselves utilising the fund. We were not aware of the terms of the fund at that point in time. Having been made aware of the terms, it is our intention to revert to the Minister in the coming weeks in regard to how much we intend to draw down from the fund.

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