Results 81-100 of 101 for nama speaker:Mark Daly

Seanad: Order of Business (21 Jun 2011)

Mark Daly: I will, if the Taoiseach agrees to it. Fianna Fáil will propose the NAMA transparency Bill so that every asset under the control of NAMA, whether a loan or a property, will be on the NAMA website. In that way, any person in this country or beyond can see what NAMA is selling and how people can bid for it. I propose an amendment to the Order of Business requesting the Taoiseach attends the...

Seanad: Order of Business (21 Jun 2011)

Mark Daly: Senator Coghlan is misquoting the Act. That is the case for only those properties over which NAMA has power as a liquidator or as a receiver.

Seanad: Order of Business (7 Jun 2011)

Mark Daly: ...is paying thousands of euro every month to the manufacturers to keep a warranty. Will the Leader bring the Minister before the House to discuss the matter? Last week I raised an issue connected to NAMA, and we discussed Standing Order 56, which provides the facility to bring the Attorney General before the House. The Leader omitted to reply on the issue. The Attorney General and...

Seanad: Order of Business (2 Jun 2011)

Mark Daly: She. Under section 35 of the NAMA legislation a code of practice was to be established within three months. This has been done. The code of practice states that all assets under the control of NAMA should be sold under the code of conduct for the governance of State bodies, which means that every asset, be it a loan or property, should be sold by auction or tender. This is not happening....

Seanad: Order of Business (8 Mar 2011)

Mark Daly: ...the intention of the outgoing Government to bring in an amendment to the National Asset Management Agency Act. I have written today to the Office of the Attorney General to ask it to investigate NAMA for breaching the law and the intention of the NAMA legislation as passed by this House in the disposal of assets under its control. There is no transparency in the current process being...

Seanad: Order of Business (8 Mar 2011)

Mark Daly: If it continues the taxpayer will incur losses of hundreds of millions of euro, which is why I have asked the Office of the Attorney General to investigate NAMA and the way it is selling the borrowings and the loan book.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011)

Mark Daly: ...taxpayer would be in the hundreds of millions, if not billions, of euro. If section 23 relief is withdrawn unilaterally, there will be a double crash. I raised a related point during the week that NAMA was not following the legislative provisions in the selling of properties under its control. It is not even following the code of conduct for State bodies. When it comes to the sale of...

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011)

Mark Daly: I have not. I am not an investigator, but NAMA is not following the code of conduct. It says it does do not have to. Transparency is the key factor in this matter, but NAMA is not following the code of conduct.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011)

Mark Daly: NAMA has turned around and said it does not have to follow the code of conduct for the sale of State assets. I maintain these are State assets because we provided the money. NAMA owes us the money. I do not care whether NAMA follows the code or not, but there is no transparency and there are bad practices going on. I do not want to be doing a post mortem here in a year's time when it has...

Seanad: Order of Business (26 Jan 2011)

Mark Daly: ...look forward to them being introduced in this House at a later date, perhaps under the stewardship of Senator Coghlan who might be Leader then. Will the Leader arrange a debate on amendments to the NAMA legislation? Section 35 of the National Asset Management Agency Act, concerning the sale of assets under NAMA's control, requires that a code of conduct regarding the disposal of bank...

Seanad: Order of Business (26 Jan 2011)

Mark Daly: Despite this, NAMA is not following the legislation passed by this House. If it did, such bids would not be occurring.

Seanad: Order of Business (26 Jan 2011)

Mark Daly: If there were more time in this Government, amendments to the NAMA legislation could be introduced.

Seanad: Order of Business (26 Jan 2011)

Mark Daly: The rest of that amount has gone to banks not under NAMA.

Seanad: Order of Business (2 Jun 2010)

Mark Daly: ...in international waters are to be condemned. I welcome the debate to be held this evening, which the Minister will attend. Senator Coghlan raised an important issue concerning the power of NAMA and its contacts with county councils to prevent dezoning of land. As the Senator is well aware, this has been a controversial issue in County Kerry, as it is elsewhere. NAMA has serious powers...

Seanad: Planning and Development (Amendment) Bill 2009: Committee Stage (Resumed) (25 Nov 2009)

Mark Daly: ...for €50,000 or €100,000 and having been paying a mortgage thereon. In such cases, they would be stuck with a field without planning permission. We could work on one measure, a power given to NAMA. Some of my colleagues in this Chamber and around the country will be aware that in recent months a number of planning permissions lapsed. I refer to one-off cases in rural areas where...

Seanad: Planning and Development (Amendment) Bill 2009: Committee Stage (Resumed) (25 Nov 2009)

Mark Daly: ...Acting Chairman. The issue is one of saving the taxpayer money more than anything else. That is one of the most important sections in that many of these developments will come under the remit of NAMA and therefore if their planning permission runs out and NAMA has to revive the planning permission by paying fees to architects and engineers, it will keep them all very busy but it will...

Seanad: Planning and Development (Amendment) Bill 2009: Second Stage (7 Oct 2009)

Mark Daly: .... Many couples are paying off mortgages although in effect they own only fields with no value. That is why the provision in section 23 which amends the 2000 Act is most welcome. This ties into NAMA because, amazingly, the Government will end up owning a great deal of property, some of which has planning permission but which it is not economical to develop. If the permission runs out,...

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: ...there is a difference between what we have given the developer or the bank in the first instance and what we have realised, we will claw back the difference from the bank. The objective is to get NAMA to work properly by giving correct and accurate valuations because we can then get the banks to work properly. In the event that there is a shortfall to the taxpayer in terms of what we...

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: Not only do we have to explain to the citizens and taxpayers how NAMA will work but the Irish Independent of 19 May tells us that we will also have to explain it to Deputy Eamon Gilmore-----

Seanad: National Asset Management Agency: Statements (26 May 2009)

Mark Daly: ...because for the past few months he has been unaware we were to take over the good loans the banks had as well as the bad loans. He stated it was astonishing that the Taoiseach told the House that NAMA, which was originally set up to take over distressed loans, would include performing loans. This was a revelation.