Results 2,921-2,940 of 4,350 for speaker:Bobby Aylward
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: So the money will be borrowed through companies rather than the institution itself?
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: That is news to me. That is interesting, that it was borrowed through companies and not the institute itself. The institute itself was not able to borrow. Who was responsible for paying off the deficit if it was borrowed through companies? Am I getting this wrong?
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: Who is responsible for paying off the loans if it was borrowed through the company? The company is the responsibility of the institute.
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: Who carries the debt?
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: Let me get this straight. It was borrowed was through companies. No one has said that it was not borrowed through companies. Some companies folded or went into liquidation - whatever word we use, they went down - and now the deficit is left with the university. Is that correct?
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: Is this of use now?
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: That is an excellent complex. I go there regularly.
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: Explain "mothballed" to me.
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: Is DCS a group of individuals? Who are they?
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: Waterford Institute of Technology is carrying the debts and is trying to pay them back now. The college is suffering as a result. Moneys that should be going into the college, students and teachers is now going into repaying debts. This is what I am trying to get at.
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: We would appreciate that.
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: The witnesses say that DCS gets the money to pay to the university. Where is that money to pay off the loans being created?
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: That is where it is coming from.
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: Is that servicing the debt now?
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: What kind of money is involved? It was to be identified a while ago.
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: I have two more questions. On the scope for research, innovation and development, there is potential for private companies that want research done to be involved. What percentage of funding for universities or institutes would come from research and development? Would it be big? Would it be part of the overall consideration? Is there room for more improvement on that and to do more research?
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: It is 25%.
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: How do we compare with Great Britain, Germany and other countries in terms of attracting big industries into research?
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: My last question is a general one on pensions. Universities are responsible for their own pension funds and their future pension funds but the Department is responsible for the institutes of technology. What is the reason for that variation? Universities must build that into their future costs yet the institutes of technology are the responsibility of the Department? Why is that?
- Public Accounts Committee: HEA - Financial Statement 2015 (29 Mar 2017)
Bobby Aylward: They are funded by the taxpayer.