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Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: Is it not funny that it came to due diligence and then it stopped?

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: It was not sorted.

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: Let me be clear. I met them. It was not sorted. It stopped. The shutters came down. That was it.

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: They did not.

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: They went as far as due diligence and then the e-mail to end was issued. The due diligence process was not completed.

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: How much is the indebtedness in Waterford?

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: By how much is Waterford IT in debt?

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: I ask Mr. Costello to repeat that.

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: The reply from the Minister stated that regarding debt levels in Waterford Institute of Technology, the total debt amounted to €8,204,575 and that there was an issue with the completion of the sports project down there. Am I correct in saying that the GAA withdrew its sponsorship? Where does that now stand regarding the completion of that project?

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: I did not. The Minister referred to it.

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: How much will it cost to complete that project?

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: Does the HEA have that money to finish it?

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: It could be more than €5 million.

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: Is Mr. Burke from the Department of Public Expenditure and Reform happy with that?

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: We were dealing with the cost to Waterford IT and Carlow IT with Deputy Deasy earlier. Does the HEA have a figure on that?

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: Of amalgamation - this project.

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: That is €400,000?

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: I ask Mr. Boland to repeat that.

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: However, the overall cost is €400,000.

Public Accounts Committee: Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
(22 Jan 2015)

John McGuinness: The Minister stated that €250,000 was allocated, of which €170,000 had been disbursed. Is that what Mr. Boland is talking about?

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