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Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: Project Eagle was the sale of the Northern Ireland loan book.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: This is probably the biggest and most contentious aspect of the correspondence, so we will spend a bit of time on it.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: For the book value.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: I am listening to everything that is being said and my observation is there is an interesting theme running through the response, not on NAMA but on several other issues. The sponsoring Department had to be aware of this from its ongoing contact with NAMA. It is impossible that the Department was not aware of this. I do not blame NAMA but it was impossible for the Department not to have...

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: This a very recent report, written only in the past fortnight. It is current. Local authorities had rejected 40% of the 7,000 residential units and sites suitable for housing offered to them by NAMA. The committee suggested that if they are still available to NAMA they be re-offered to the local authorities but NAMA responded that none of the units are now available. I accept we were late...

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: Is the Deputy seeking a list of the original rejections?

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: When this issue arose previously, I went to my local authority and raised with it the 100 houses offered to it by NAMA. I was shown a schedule of what was offered to each local authority by NAMA, the houses that were taken up and the reason for the rejection of particular houses in specific locations. Some of them were expensive properties in the wrong locations and in other cases there was...

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: If the Deputy is not happy that the information she gets at local level, we will go back to NAMA. I do not want to request a list for every local authority in Ireland to be provided to the committee.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: Yes, it has.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: We will recirculate that information because it is a while since this issue was up for discussion. If anyone wants further detail on it, we will provide it. The next issue in our periodic report is the President's Establishment in respect of which the committee made a recommendation on the audit committee that did not meet. The Minister for Finance has stated that the recommendation is...

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: The committee's recommendation was that consideration be given to including the €317,000 Presidential allowance under Vote 1. The response was that would require a change to the law and that it is open to any Member to draft a Bill to make that change.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: The Committee of Public Accounts is not going to draft legislation.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: I call Deputy Catherine Connolly.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: That has been changed thanks to this committee highlighting the issue.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: It is the audit committee for the President's Establishment.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: No, the President has established an independent committee.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: That is at the goodwill of the President.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: It is at the goodwill of the President.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: The answer is that we now have a greater level of transparency as a result of our debate on the issue last year.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: The information is available on the Áras an Uactharáin website. I have seen it. I suspect journalists will seek a copy of it every year. The current information is published on the website. I have seen it.

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