Oireachtas Joint and Select Committees

Thursday, 16 November 2017

Public Accounts Committee

2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 26 - Education and Skills - Reform of Education and Training Boards/SOLAS
SOLAS 2016 Financial Statements
Comptroller and Auditor General Special Report No. 99 - Public Sector Financial Reporting for 2015

9:00 am

Mr. Seán Ó Foghlú:

No, there are no other outstanding moneys, but as well as the 18 properties offered, there is the Christian Brothers' offer of the share in the playing fields. This is an offer of a share in the ownership of a property, rather than an offer of ownership of a property. They did not offer to transfer the property to us; they offered to transfer a share of the ownership of it to us. When they initially made this offer, we engaged with them and we indicated the terms under which we would want such a transfer to happen. They indicated that they did not wish to advance along those lines. However, they have made further contact with us since our most appearance before the Committee of Public Accounts. They said they had reconsidered the offer and were now offering an arrangement under which the State would be entitled to receive 50% of the proceeds in the event of the sale of any the lands in question. They are meeting us to discuss the reconsideration they have indicated.

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