Oireachtas Joint and Select Committees

Thursday, 13 December 2018

Public Accounts Committee

Comptroller and Auditor General Special Report 98: Provision of School Transport

9:00 am

Mr. Seamus McCarthy:

One would certainly expect that, if somebody was holding funds on behalf of another agency, there would be a clear understanding of the basis on which that funding was being held. If the organisation holding the funds was using them, an interest element should accrue. However, it is the responsibility of the Department to ensure that, if its funds are held, it gets an interest element.