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. Donal McManus:
-----and they have to make a return to their shareholders. With respect to the shareholders in the housing associations, there is a prohibition on any surplus or dividend, and any surplus or dividend that is made is in the public interest and it goes back into the organisation, so it is ring-fenced from that point of view.
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