Oireachtas Joint and Select Committees
Thursday, 5 November 2020
Public Accounts Committee
2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2019
Chapter 17 - Ireland Apple Escrow Fund
11:30 am
Mr. Derek Moran:
If we lose, then the €13 billion becomes payable to the Exchequer and is transferred. I think I am right on that, and my colleagues here have also said "Yes". That money would come into the Exchequer. Whatever the residual balance is on the escrow account at that point will come, in this case, to the State.