Oireachtas Joint and Select Committees

Thursday, 21 February 2019

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government

9:00 am

Dr. Mary Lee Rhodes:

A sinking fund is an account built up by an AHB for future use. It is usually for future maintenance of the assets. There would be depreciation of the houses on one hand, taking away value from the ability to save up, a sinking fund-----

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