Ann Phelan (Carlow-Kilkenny, Labour) | Oireachtas source

As the Deputy well knows, there are accounting procedures governing dormant accounts funding. He knows also that the moneys must be included in the Vote and must be included in the Estimates, and that is how we arrive at the money we can commit from the Dormant Account Fund. A complex accounting procedure is involved. I assure the Deputy that where moneys can be spent, they will be spent. However, he must be mindful of the requirements under the legislation for me to provide a report to the Government on the operation of the fund during the preceding year. I will do that before the end of June. We are subject to regulatory requirements in the same way as every other Government organisation.

See this speech in context