Oireachtas Joint and Select Committees

Thursday, 26 June 2014

Public Accounts Committee

2012 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 4 - Vote Accounting
Chapter 10 - Central Government Funding of Local Authorities
Chapter 11 - Costs of Land Remediation
Vote 25 - Department of the Environment, Community and Local Government

12:50 pm

Mr. Michael Layde:

Between now and the end of next year. We have not projected beyond that, as it depends. As I stated, the amount of property available to NAMA is finite. Some properties have been transferred to its special purpose vehicle, while other properties are still associated with loans. As the Deputy is aware, more recently NAMA has found it possible to accelerate the resolution of those loans. This very often can mean the associated properties cease to be available for other purposes. In other words, the matter has been resolved commercially, which of course is the underpinning remit of NAMA.