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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