Fergus O'Dowd (Louth, Fine Gael) | Oireachtas source

I apologise. I had the wrong page open.

Amendment No. 21 provides that the Minister for Finance may guarantee the borrowings made by Irish Water or Bord Gáis for the purposes of the Bill. The provision of a guarantee of the borrowings of a semi-State company is a common provision included in legislation establishing many other State bodies and companies. This provision provides that the Minister for Finance may, after consultation with the Minister for the Environment, Community and Local Government, provide a guarantee of the borrowings of Bord Gáis and or Irish Water for borrowings made for the purposes of the Bill. It also provides for the Minister for Finance to seek a guarantee from the board or subsidiary for borrowings and for the Minister to provide details to the Houses of the Oireachtas each year concerning any guarantees made under this.

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