Michael Finneran (Roscommon-South Leitrim, Fianna Fail)

I move amendment No. 58:

In page 38, to delete line 10 and substitute the following:

"(a) sections 28, 31, 32(8) and (9), 47(4), 48(5) and (6), 75(4), 76(5), 98 and 99;".

Section 33 provides that interest is payable on overdue payments to housing authorities in respect of specified rents, loans or clawbacks. This amendment would enable housing authorities to charge interest on overdue payments in respect of three purchase scheme transactions, namely, payments due to housing authorities from purchasers under either the incremental purchase scheme or the tenant purchase scheme of apartments, in respect of the outstanding charge on properties at the expiration of the charge period arising from suspensions of the incremental releases on the authorities' charged share and under the tenant purchase of apartment scheme in respect of the outstanding charge on apartments following the resale and during the charge period.

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