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Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: How much were those two charges?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: How did the IMI discharge the rest of it?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: How much was in the cash resources when UCC bought the IMI?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: What rent is being paid by the IMI to UCC or is rent being paid?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: How much?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: Through the Chair, will Mr. Collins do us a favour and send us in a spreadsheet outlining all of that?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: I shall ask my last couple of questions.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: What is the term of the loan from the new bank and will Mr. Collins identify that bank?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: Ulster Bank.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: To facilitate the purchase of the IMI property, what is the term of the loan?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: What is the repayment amount?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: Yes.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: Do the witnesses think they negotiated that deal well?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: Earlier, the president of UCC said that no public funds were used in the acquisition of the IMI but, effectively, it is financed. There is a debt as a result that now must be paid over 20 years at this interest rate.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: If no public funds were used, then who will pay back the debt?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: Who funds UCC?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: Who funds UCC?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: Who is UCC's main funding source?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: Yes.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Alan Kelly: Who is going to pay back the loan?

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