Noel Treacy (Galway East, Fianna Fail)

This agency will be responsible to the Committee of Public Accounts and there will be plenty of options to scrutinise its management, operations and successes. Senators have raised the matter of the guidelines on State authorities seeking advice from the NDFA. The legislation provides that the Minister for Finance would issue guidance on the circumstances on which National Development Finance Agency advice should be sought, taking account of the type of project or programme of projects, the stage of development of a project and any other relevant factors.