Oireachtas Joint and Select Committees

Thursday, 3 October 2024

Public Accounts Committee

Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

That is one of the issues, is it not? This is the type of stuff that has led us to where we are now. It seems we will just forget about the public spending code and that it does not matter. It was decided to work out how many beds you can get into a house and price on that basis. If we can put four students in a house, that works out at more than €130,000 each. It was decided to pay that price for it. The public spending code is clear that you buy at the lowest price possible, just as everybody else would. The fact is that it was just swept to one side and the prices were jacked up. Was Mr. Kelly aware of the lease agreement with the developer, which was worth more than €1 million for the first number of years?

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