Oireachtas Joint and Select Committees
Thursday, 13 December 2018
Public Accounts Committee
Comptroller and Auditor General Special Report 98: Provision of School Transport
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.