Ms Aileen Gleeson:

If the Department of Housing, Local Government and Heritage were to decide to pursue the BPFI proposal, it would require a 100% State guarantee, as requested by the BPFI. All State guarantees must be put on a statutory footing. It would arise only where the Minister or the Department of Housing, Local Government and Heritage decided to pursue that solution. In that case, it would be a matter for them to identify the legislation. It would be a new statutory provision. The particular legislative vehicle would be a decision for the Department of Housing, Local Government and Heritage. It could use whatever one it determines to be most appropriate. It is not something that is in train at the moment because it is dependent on the proposal being pursued.