Brendan Smith (Cavan-Monaghan, Fianna Fail)

I move amendment No. 13:

In page 11, between lines 21 and 22, to insert the following:

"(5) A State guarantee shall not be provided to enable the Board or a subsidiary to raise or borrow money under this section or under any other provision of the Voluntary Health Insurance Acts 1957 to 2008.".

Members were advised on Committee Stage that an amendment would be tabled on Report Stage to clarify the liability of the board and its subsidiaries for any borrowings that may arise. The proposed amendment provides accordingly.

See this speech in context