Results 11,381-11,400 of 18,851 for speaker:Fergus O'Dowd

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: The NDFA could draw from the Central Fund only and now that the NTMA will be doing it-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: Yes, I can get a note. That probably would be best.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: I move amendment No. 25: In page 31, to delete lines 15 to 18 and substitute the following:“that counterclaim is made does not stand delegated to the Agency by virtue of an order under section 9(1) of the Act of 2000;”.Amendments to Part 5 are to add clarity to the management of claims. Amendment No. 25 corrects the definition of "counterclaim". In the current version, section...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: I move amendment No. 26: In page 31, line 20, after “solicitor” to insert “or of a person who appears as an expert witness”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: I move amendment No. 27: In page 32, to delete lines 1 and 2 and substitute the following:“(iv) represent the State authority concerned in a court or other tribunal or before—(I) the Taxing-Master or a county registrar, or (II) an arbitrator or a mediator, in relation to the claim,”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: I move amendment No. 28: In page 33, between lines 10 and 11, to insert the following: “(2) Where it appears to the Minister to be necessary or appropriate that it should do so, an order under paragraph (j) of the definition of “State authority” in subsection (1) may, in consequence of the particular body concerned being prescribed for the purposes of that definition,...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: I move amendment No. 29: In page 39, line 21, to delete “new Fund” and substitute “new fund”.It is just a drafting change whereby a capital "F" is being changed to a small "f".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: Is the Deputy's suggestion covered by section 26(1)(a)?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: Yes. I apologise. It is not excluded in the legislation.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: If it is helpful, I would like to respond to that by saying with respect that this is what the NDFA already does. If I am right, one of the targets the NDFA has had since its establishment in 2003 has been to work with schools by investing in bundles of contracts worth approximately €20 million. As I understand it, this provision reiterates what is in the existing legislation.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: That point was very well made on all sides in the Dáil and it has been made here again tonight. As I have said to the Deputy, I anticipate that a proposal will be made in that regard. The legislation as it presently stands does not exclude that. In other words, the intention is that it will happen. That is a fact. I think it is very significant that it would happen. I think...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: I have reiterated this a number of times. We all agree that this has to be done. As I have said, it is the intention that this will happen. The powers to do that are provided for in this legislation. I take the Deputy's point.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: The Deputy should submit an amendment.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: I move amendment No. 24: In page 30, after line 39, to insert the following:"(5) The power of the Minister under subsection (4) may be exercised by the Agency.".This technical amendment to section 30 deals with the functions of the NDFA, which provides financial advice to State bodies undertaking major public investment projects with a capital value of more than €20 million. It is...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: The NDFA is doing that at present. We are now proposing to give the same power to the NTMA because the NDFA is moving into the NTMA. These functions currently exist with regard to the NDFA. As the NDFA will no longer exist, it is proposed to transfer the power to the NTMA.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: Section 22 does not cover social housing but the point-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: It comes under the Ireland Strategic Investment Fund, ISIF. It would be possible if a plan could be put together and if partners could be found to do that in a commercial way.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: It is because it has to be off the Government balance sheet. In other words, it must be a commercial entity.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: The point is that NewERA will deal with the issues it is dealing with, and the ISIF is available for all ideas that will work in the economy that are commercial and that create jobs. It runs the gamut of every single Department. It is not set in stone. It can be done if one has an idea that stands up and works and that will add to the economy, be commercial and that will create jobs. We...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Fergus O'Dowd: The effect of this amendment would be require the agency in its NDFA function to comply with directions and orders issued by the Minister for Public Expenditure and Reform in addition to guidelines issued by the Minister. In this section and the following section, section 27, a verbal distinction is made between guidelines and instructions, which are issued by the Minister for Public...