Oireachtas Joint and Select Committees
Wednesday, 29 March 2017
Public Accounts Committee
HEA - Financial Statement 2015
10:00 am
Mr. Andrew Brownlee:
That circumstance is completely unique to WIT within the IOT sector. IOTs do not have the capacity to borrow. There is no borrowing framework for them. There are fiscal issues that prevent the Government from implementing that at present. The previous inspector's report in respect of WIT dealt with the issue of campus companies there. There was a situation where WIT had used those companies to borrow and there is a legacy to deal with as a result of that.
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