Jonathan O'Brien (Cork North Central, Sinn Fein) | Oireachtas source

I move amendment No. 2:

In page 4, to delete lines 25 to 29.

These amendments are reasonably self-explanatory. One concerns the reasons why money could be put into the fund and another is to remove the provision that would see the €500 million transferred annually from 2019 to 2023. We are doing this because later in the legislation, there are certain limitations on how money can be withdrawn from the fund. We tabled a number of amendments to expand the reasons money could be withdrawn. They have been ruled out of order by the Chair or the Bills Office, or at least someone has ruled them out of order. On that basis, we have some concerns on the money going into the fund and what the fund can be used for. The Minister of State mentioned "exceptional circumstances".My reading of the legislation is that it is only possible to withdraw the funding in three scenarios. One is to recapitalise banks and another is in these "exceptional circumstances". Will he define what that means?