Oireachtas Joint and Select Committees
Thursday, 24 May 2018
Public Accounts Committee
Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology
9:00 am
Mr. Diarmuid Collins:
The last time we were here, we sent a letter to the committee which showed how the borrowings that the university took on to finance the IMI, to fund the IMI campus, were paid. We have a sale and lease back arrangement. The lease payment from the IMI back to the university, together with accreditation income, services the loan.
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