Dinny McGinley (Donegal South West, Fine Gael)

I support this sensible amendment to establish transparent criteria for the disbursement of funds in dormant accounts. When the Bill is enacted, power will be transferred from an independent board to Departments. The independent board has operated successfully so far. The amendment seeks to establish a framework within which decisions will be made. The legislation is too elastic. Almost any decision could be justified. When one is applying for a grant of any kind, there are definite conditions of application. In this case, the same should apply. This is not how it should be done and the amendment would tighten the position.

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