Dáil debates

Tuesday, 3 March 2009

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage

 

6:00 pm

Photo of Pat RabbittePat Rabbitte (Dublin South West, Labour)

They are absolutely shocking. Deputy Burton referred to the role of Hy-Brazil. I note that Ulysses was mentioned too. Will the Minister of State, Deputy Haughey, in the course of his reply clarify the position? It appears that on the one hand we will receive a windfall of €127 million, but on the other hand, that is an administrative fiction and no more than a legal tidying up. Will the Minister of State explain this matter, because it seems to be relevant to an area in respect of the local authorities and alternative proposals may yet be necessary?

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