Michael Finneran (Roscommon-South Leitrim, Fianna Fail)

I move amendment No. 82:

In page 53, after line 46, to insert the following:

"(6) (a) For the purposes of this section, the market value of a dwelling shall be determined by the housing authority or approved body, as appropriate, or, where the purchaser does not agree with the market value so determined, by an independent valuer nominated by the purchaser from a panel of suitably qualified persons, established by the housing authority, who are of a class or description prescribed under section 49.

(b) The housing authority or approved body shall not be liable for any expenses incurred by the purchaser under paragraph (a).".

This amendment is necessary to extend the provision for resolving disputes on the market value of the dwelling to provisions covering the suspension of the charge in section 47. It inserts into the incremental purchase suspension process a mechanism for resolving disputes between a purchaser and housing authority or approved body over the market value of a dwelling similar to that in place in section 48 with regard to the resale of dwellings during the charge period. It provides that in such a dispute the purchaser can nominate an independent valuer from the panel of valuers established by the housing authority to determine the market value of the dwelling. The cost of the external valuation is to be borne by the purchaser.

See this speech in context