Oireachtas Joint and Select Committees

Thursday, 8 October 2020

Public Accounts Committee

Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019

11:30 am

Photo of Marc MacSharryMarc MacSharry (Sligo-Leitrim, Fianna Fail)
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It arose through our deliberations on Project Eagle that there was a decision not to carry out current valuations, which had been a requirement from July of that year in the code the Minister had set out for disposals. We relied, therefore, on a 2009 valuation as opposed to current ones. Can Mr. McDonagh recall why that was done?