Oireachtas Joint and Select Committees

Thursday, 11 December 2014

Public Accounts Committee

Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013

12:20 pm

Mr. Seamus McCarthy:

Yes. There are a number of other cases to which Mr. Casey referred where funds may be also required. There will be a significant amount of use of that fund. Ultimately, the Minister for Finance is entitled to be reimbursed any funds that are not required from both funds. In fact, over time, all of the funds should be reimbursed to the Central Fund through levies paid to the resolution fund.