Oireachtas Joint and Select Committees

Thursday, 23 October 2014

Public Accounts Committee

Business of Committee

10:30 am

Mr. Seamus McCarthy:

We have reported on that each year for the past number of years. It is a complex arrangement on pension funding for universities. In effect, the Higher Education Authority controls the disposal of these funds, although they are held not by the authority, but by the individual universities. It is a technical issue, which will probably wash out in due course.

I draw Deputies' attention to the fact that we published a special report this week on the effectiveness of audit committees in State bodies. The report was presented to the Dáil on Tuesday. Also, just this morning, a special report was presented on the development of the greyhound stadium at Limerick. The committee previously discussed this issue when it met representatives of Bord na gCon.