Ciarán Lynch (Cork South Central, Labour)

I move amendment No. 13:

In page 11, after line 41, to insert the following:

"10.—(1) The Board shall establish an investment account (the "account") into which deposits paid to it under this Part shall be deposited.

(2) The National Treasury Management Agency ("the Agency") shall manage the account on behalf of the Board.

(3) Moneys in the account shall be invested and the investments shall be realised or varied as occasion requires and the proceeds of any such realisation, and any dividends or other payments received in respect of moneys invested under this section, shall be paid into the Exchequer: provided that the Agency shall ensure that there is always within the account a sufficient amount of money to enable the Board to repay deposits to tenants and landlords under this Part.".

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