Catherine Connolly (Galway West, Independent) | Oireachtas source

UCC got a loan and Mr. Collins said no taxpayer's money was used. It is disingenuous to say that. I will take back the word "disingenuous" because that is upsetting Mr. Collins. I will stick to the facts. The university got a loan from Ulster Bank but it got that on the basis that it is a public body. It is a recognised university that is 50% funded by the taxpayer. In the past, the taxpayer provided even more funding. On the basis of its record and on the basis of public money, the university is able to secure loans. Is that correct?