Ms Maria Graham:

I apologise; I had forgotten the Deputy asked that question. All bodies are covered by the public spending code. As Mr. Coleman noted, that would apply to the LDA. However, there is a difference between the governance of Exchequer funds and the funds of a commercial semi-State body. One of the elements I referred to earlier was NewERA. What usually happens with the investment programmes of a commercial State body is that a threshold is set and any projects that exceed that threshold come directly to the Minister. The entering into the capital commitment, rather than the project itself, is then considered. This consideration involves looking into how stretched the company is financially to ensure it is financially sound and the additional capital commitment does not overstretch it. It is done on the basis of that kind of capacity. That is where our governance of the LDA's spending would come into play.