Oireachtas Joint and Select Committees
Thursday, 2 March 2017
Public Accounts Committee
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Environment, Community and Local Government
9:00 am
Mr. John McCarthy:
The regulations set out the basis on which the purchase price is to be calculated. In the main, it is based on the relevant market value of the house, suitably discounted. In other cases, depending on circumstances, it can be based on a formula related to the cost to the housing authority of replacing the house.
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