Seanad debates

Tuesday, 17 December 2002

National Development Finance Agency Bill, 2002: Second Stage.

 

The legislation provides that State authorities will be obliged to seek NDFA advice. However, it is most important to note that the final decision on the structure and financing of a project remains a matter for the appropriate Minister, or where there is delegated sanction, the appropriate accounting officer or equivalent. The legislation also provides that I will issue guidance on the circumstances in which NDFA advice should be sought, taking account of the type of project or programme of projects, stage of development of a project and any other relevant factors and the need to comply with procurement rules and avoid conflict of interest. This guidance will be drafted with input from a cross-departmental team which will include a representative of the Office of the Attorney General in an advisory, rather than an executive, capacity. The NDFA will also be consulted.

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