Oireachtas Joint and Select Committees
Thursday, 22 June 2017
Public Accounts Committee
University College Cork and University of Limerick: Financial Statements
9:00 am
Alan Kelly (Tipperary, Labour)
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Fine. Ultimately, what I am driving at here is the statement made by the president of UCC at the beginning that no public funds were used in this matter. Let us consider the pot of money that this college has with 47%, including IMI as part of the family. Ultimately, the taxpayer will end up funding 47% of the loan.