Oireachtas Joint and Select Committees
Thursday, 10 October 2019
Public Accounts Committee
Business of Committee
9:00 am
Marc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source
I understand, but can we do that retrospectively? We breached our own legislation in the amount of the levy because about half a cent per year is probably what it should be as opposed to 2 cent. It went up to 2 cent from 1 cent back in 2009, I think, because NORA owed €450 million. It has now cleared its debts since 2017 but we ploughed ahead gathering up the money. What is the legal position in having that in an account? It is a company, is it not?
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