Oireachtas Joint and Select Committees

Wednesday, 29 March 2017

Public Accounts Committee

HEA - Financial Statement 2015

10:00 am

Mr. Stewart Roche:

On the Diverse Campus Services, DCS, campus companies, there was a student accommodation village, Manor Village, where there were student residences and an opportunity at the end of the period of the build of those student residences for them to be bought out. A sinking fund had been built up and it was felt, based on the surpluses that student residences were making, that it would be opportune for the DCS campus companies to borrow the money to purchase those student residences. The other issue is the fact that there was a Carriganore sports complex, which was for the students-----