Oireachtas Joint and Select Committees

Wednesday, 12 February 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform

Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion

5:10 pm

Photo of Brian HayesBrian Hayes (Dublin South West, Fine Gael)
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The definition of the asset, so far as the Department of Public Expenditure and Reform is concerned, is an important question. A capital asset is defined as "an asset intended for use on a continuing basis with an expected life of more than one year." Capital expenditure also covers capital funding grants, for example, the forestry premiums are grants to enhance the productivity capacity of the economy. I will get the information on the helicopter question for the Deputy. I know a little about the mortgage-to-rent scheme. The €7 million supports the continued implementation of the mortgage-to-rent scheme. That, presumably, is a system that is being put in place. Is it not the case that the local authorities are being asked to run this scheme?