Results 28,741-28,760 of 34,885 for speaker:Seán Fleming

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: Am I understanding it right?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: I got worried when you started your opening statement by saying that the situation was very complex, which almost implied that it was a bit too complex for ordinary people. I like to bring it back to ordinary people's level, take out the complex element and get back to basics. From what you are saying, Mr. Durkan was saying that because he did not get rent - I am paraphrasing what you said...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: Is that not what you said?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: There was an allowance.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: Are you trying to say it cost nothing?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: But you are saying that it almost cancelled out the €31 million - that was a discount.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: The taxpayer ended up paying €31 million and the people who bought the houses paid €45 million.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: Okay. I will move on. Chairman, I will not be long more and, to use Ms Tallon's words, it is a complex issue. When do the witnesses expect to have finality in terms of the total cost of the scheme? Has there been any discussion? You are now saying that the money is payable to NAMA so this is money due to NAMA. Is that correct? It is obvious and we all understand that the company is in...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: -----that the payments are being made to NAMA each year. It is really NAMA's responsibility to send the Department the bill because it is due the extra legal fees. If there is an extra €1 million in legal fees, it will be payable to NAMA for NAMA to discharge to whomever necessary. Am I right in saying that?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: What has and has not been transferred to NAMA out of this arrangement?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: It was €562,000.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: Plus interest of €192,000. The court award is payable to NAMA. What other costs will follow in order to complete the process?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: Has Ms Tallon any idea what that fee will be?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: What Vote will the money come from? There is a 60:40 arrangement for the payment to NAMA.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: Is there a ratio for sharing the costs of the payment to NAMA?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: Please give me the breakdown. What is the split between the OPW and the Department? We have two accounting officers present.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: Yes, 60:40. That is what I understood it to be. How much of that will come from the OPW's Vote this year?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: This year - 2014.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: Under what heading in the OPW's Estimate? Please bear in mind that the Estimate for the Office of Public Works was discussed here yesterday. Ms McGrath and the Minister attended and I have pages of documentation. It is interesting that the Estimates that were given for 2014 made no reference to the payment to NAMA as a result of the High Court judgment. We had a lengthy discussion...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Seán Fleming: Under what subhead is it listed?