Oireachtas Joint and Select Committees

Thursday, 7 March 2013

Public Accounts Committee

2011 Appropriation Accounts and Annual Report of the Comptroller and Auditor General
Vote 6 - Office of the Minister for Finance
Chapter 1 - Financial Outturn for 2011
Chapter 2 - Government Debt
Chapter 3 - Banking and Insurance Measures
Chapter 5 - EU Financial Transactions

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12:10 pm

Ms Ann Nolan:

That valuation will be done by an independent valuer and NAMA is required to pay that price if nobody bids more. NAMA will have some input into the valuation methodology but once the independent person decides what the value that is what the bank and NAMA will pay.

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