Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

But just not to the extent that will eventually be the case.

Let us consider the asset base. Let us say there is a fairly decent asset base and 30 houses built in the 1990s that are coming towards the point where there will no longer be a mortgage on them. I have come across cases where bodies have quite a bit of money on deposit, more than they would require for a sinking fund, and where they are functioning very well, collecting the rents and all the rest of it. What is the position on the reinvestment of that money? The bodies cannot keep accumulating where the asset could be beneficially used for the same purpose.