Oireachtas Joint and Select Committees
Thursday, 12 December 2013
Public Accounts Committee
Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed)
12:10 pm
Mr. Seamus McCarthy:
To assist the Deputy, the legislation in relation to the Dublin Docklands Development Authority's capacity to borrow specified a limit of £100 million at the time the legislation was passed, which was equivalent to €127 million. Up to then it had only finance sanction to borrow up to £50 million so what it wanted to do was extend it to the full amount allowed by law.