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Committee on Housing and Homelessness: National Treasury Management Agency and Department of Finance (31 May 2016)

John Curran: Mr. O'Kelly, I wish to clarify something because you hit on a point that has come up specifically in respect of National Asset Residential Property Services. Let us call it NARPS 2 because it is outside NAMA and it is a new model. The committee's understanding is that accessing the funds is not the issue but rather the technical construction of NARPS 2 is the problem. You are saying now,...

Committee on Housing and Homelessness: National Treasury Management Agency and Department of Finance (31 May 2016)

John Curran: Let me conclude on the question with one final point. Earlier, Mr. Dorgan, you were answering a question from Deputy Brophy in respect of NARPS. He took up the question from a slightly different angle but you mentioned that the original NARPS entered agreements with the approved housing bodies. If NARPS 2 entered agreements with local authorities rather than approved housing bodies, would...

Committee on Housing and Homelessness: National Treasury Management Agency and Department of Finance (31 May 2016)

John Curran: Are you saying with a degree of confidence, Mr. Dorgan, that if NARPS 2 were engaging with local authorities rather than approved housing bodies, the Department would be comfortable to take the view that because NARPS was off-balance sheet it follows that NARPS 2 would be off-balance sheet as well?

Committee on Housing and Homelessness: National Treasury Management Agency and Department of Finance (31 May 2016)

John Curran: I want to hear the answer.

Committee on Housing and Homelessness: National Treasury Management Agency and Department of Finance (31 May 2016)

John Curran: Yet the Department can do it in this way for approved housing bodies. Is that correct?

Committee on Housing and Homelessness: National Treasury Management Agency and Department of Finance (31 May 2016)

John Curran: Deputy O'Sullivan, are you happy with that? Sorry for interrupting you.

Committee on Housing and Homelessness: National Treasury Management Agency and Department of Finance (31 May 2016)

John Curran: No, I understand Deputy Ó Broin referred to a mix.

Committee on Housing and Homelessness: National Treasury Management Agency and Department of Finance (31 May 2016)

John Curran: Colleagues, that is a matter for deliberations. Deputy Ó Broin asked a specific question to elicit information and received a direct answer. Deputy Durkan had a brief point.

Committee on Housing and Homelessness: National Treasury Management Agency and Department of Finance (31 May 2016)

John Curran: Before we conclude, I have two very brief questions for Mr. O’Kelly. When the Minister for Finance, Deputy Noonan, was answering questions in the Dáil recently, he referred to the fact that the NTMA is looking at different funding models. I take it from the discussions we have had today that one of those specific models is what we are loosely calling NARPS 2 or something around...

Committee on Housing and Homelessness: National Treasury Management Agency and Department of Finance (31 May 2016)

John Curran: Does Mr. O’Kelly have a high degree of confidence in that?

Committee on Housing and Homelessness: National Treasury Management Agency and Department of Finance (31 May 2016)

John Curran: The other issue relates to credit union funding.

Committee on Housing and Homelessness: National Treasury Management Agency and Department of Finance (31 May 2016)

John Curran: That is a separate section. The only comment I would make, from the evidence before the committee, is that the Irish League of Credit Unions seems to have cash on hand. There is a necessity for State funding but there is also a necessity for it to find something useful to do with it.

Committee on Housing and Homelessness: National Treasury Management Agency and Department of Finance (31 May 2016)

John Curran: The recommendations we will make will be based on the evidence and the suggestions put forward that will stand up to scrutiny. I thank the representatives of the NTMA and the Department of Finance, Mr. Conor O'Kelly, Mr. Eoin Dorgan and Mr. John Palmer, for their attendance, their submissions and the direct answers they gave, some of which, whether we like it or not, were helpful and...

Committee on Housing and Homelessness: Association of Irish Local Government (31 May 2016)

John Curran: Before we commence and go through the formalities, the first item concerns mobile telephones, which must be put in flight mode or switched off completely because, apart from interfering with the meeting, they affect the broadcasts and recordings. I again ask those with mobile telephones to please turn them off. I draw the witnesses' attention to the fact that by virtue of section 17(2)(l)...

Committee on Housing and Homelessness: Association of Irish Local Government (31 May 2016)

John Curran: I thank the witness for the comprehensive statement. I will put the witnesses in the picture. The committee has met many witnesses over the past number of weeks and many of the issues raised by the delegation have been raised in other meetings. Members are quite familiar with them. The delegation's attendance today is quite important in terms of the schedule of our meetings as many of the...

Committee on Housing and Homelessness: Association of Irish Local Government (31 May 2016)

John Curran: I will take a number of contributions before reverting to the witnesses. I call Deputy Butler. I remind members of the timing issues, as we are due to have two more sessions this afternoon.

Committee on Housing and Homelessness: Association of Irish Local Government (31 May 2016)

John Curran: A number of other colleagues have indicated they would like to speak, but the witnesses might address some of those issues first.

Committee on Housing and Homelessness: Association of Irish Local Government (31 May 2016)

John Curran: The witnesses can come back to that issue. I call Deputy Brendan Ryan.

Committee on Housing and Homelessness: Association of Irish Local Government (31 May 2016)

John Curran: I thank the Deputy. That concludes the questions from this side. Deputy Durkan please be brief.

Committee on Housing and Homelessness: Association of Irish Local Government (31 May 2016)

John Curran: I thank the Deputy. A range of issues are now before the councillors and they might also respond to the previous matter regarding Traveller accommodation which was raised by Deputy Butler.

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