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Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: Mr. Meaney was basing his case for the retention of Mr. Nealon on the agreement of the board generally. Is that how it was done?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: It is amazing. That is all I will say. Do members have other questions? Deputy Costello does, but Deputy Connaughton indicated first.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: Is that the one the €1 million call option is on?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: Therefore, it is not exactly-----

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: There is a call on it.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: If that €1 million is called on, then Bord na gCon has freedom to deal with any planning issue.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: If who goes for it?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: What is the likelihood that person will call on that €1 million?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: Would he say it is remote?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: It is a serious risk.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: Deputy O'Donnell has added up these figures.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: Is that the carpark on which €1.7 million was spent?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: Was that the one that was resurfaced?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: The total spend on that was €1.7 million.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: There is a call on it for €1 million.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: There is a likelihood that call with be made and, therefore, it has to be a risk.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: In summing up that €4 million, which Deputy O'Donnell outlined, there is an additional €1.7 million that could be lost.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: Bord na gCon sold an asset for €5.1 million but did not use it to pay down debt.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: Where is it?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

John McGuinness: In terms of the past, which we touched on a lot this morning, what about minutes of board meetings, audit committee meetings and so on? Are they all available to Mr. Murnane?

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