Oireachtas Joint and Select Committees

Thursday, 22 March 2018

Public Accounts Committee

Business of Committee

9:00 am

Mr. Seamus McCarthy:

There are certain income streams in third level institutions. For example, let us say there is a bank on the campus that pays rent. The rents can be quite generous and we could be looking at €5 million or €6 million. That is referred to by the Department and by the third level institutions as being "own funding" or "own resources".