Oireachtas Joint and Select Committees
Thursday, 16 November 2017
Public Accounts Committee
Tipperary Education and Training Board and Kildare and Wicklow Education and Training Board: Financial Statements
9:00 am
Bobby Aylward (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
I would like to ask about overdrafts and loans. This issue was mentioned by the Chairman. What structures or procedures are in place for the ETBs to get loans or overdrafts? Some ETBs could run amok when borrowing money. It is easy to borrow money, but trying to pay it back is another thing. What kind of limitations are in place with the Department? How are the ETBs sanctioned for loans or overdrafts? Borrowing money is a dangerous area that needs a great deal of scrutiny and oversight.
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