Oireachtas Joint and Select Committees
Wednesday, 16 December 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functioning of NAMA: Discussion
2:30 pm
Mr. Brendan McDonagh:
The board is not allowed to give away anything for free. It has to maximise return. If the land has an agricultural value the debtor gets an independent valuation and if somebody expresses an interest in it then it is sold at that value to what is effectively a governmental body. There will also be several non-governmental bodies interested but they would have to bid on the open market like everybody else.