Oireachtas Joint and Select Committees

Thursday, 18 May 2023

Public Accounts Committee

Financial Statements 2021: University of Limerick

9:30 am

Photo of Paul McAuliffePaul McAuliffe (Dublin North West, Fianna Fail) | Oireachtas source

Surely it is a legitimate question for the Committee of Public Accounts to ask the university. Did it pay the market value or in excess of the market value and have a reason to do so? The university may have had a reason to pay in excess of market value. My question is whether the university believes it paid the correct market value. Part of the problem in answering is that at the time the university did not have a strong valuation process. That was the reason it had the governance concerns.

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