Oireachtas Joint and Select Committees
Thursday, 5 February 2015
Public Accounts Committee
Vote 25 - Department of the Environment, Community and Local Government
Chapter 6 - Land Aggregation Scheme
Chapter 7 - Matters Arising from Audit of Vote 25 - Environment, Community and Local Government in Relation to Water Services
10:00 am
Mr. John McCarthy:
There is no State guarantee for Irish Water's borrowings. There are borrowing consents, where the Minister has to give consent to borrowing, but there is no State guarantee attaching to it, other than the National Pensions Reserve Fund. An element of that was drawn down before functions actually formally transferred over to Irish Water.
No comments