Oireachtas Joint and Select Committees

Thursday, 22 June 2017

Public Accounts Committee

University College Cork and University of Limerick: Financial Statements

9:00 am

Mr. Diarmuid Collins:

We have our own loan but it is serviced. The repayment we must make on that loan is serviced by income we get from IMI into us. This is new income from leasing the campus back to it. We have a payment going out to the bank that we make, but in turn we get income from IMI to make that payment via the lease.

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