Oireachtas Joint and Select Committees
Thursday, 23 March 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Overview of the Credit Union Sector: Discussion
9:30 am
Mr. Des Carville:
Of the €250 million in the ReBo fund, €20 million has been drawn down and the remaining €230 million is returned to the Exchequer. It is not a fund with a separate account, but Exchequer financing that has been effectively ring-fenced for that fund. I do not know today what happens with the €6.4 million in the stabilisation fund but I expect it will remain in the fund.
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