Seanad debates
Tuesday, 11 February 2003
Adjournment Matters. - Youth Services.
The Senator mentioned dormant accounts. A separate board to collect and disburse money from such accounts has been established under the Department but it is independent. It is examining ideas about how it might allocate the money when it comes due. That will not be until late summer or autumn at the earliest. The Act under which the board was established specified certain areas in which the money could be spent. These include areas of disadvantage such as the one cited by the Senator. I imagine this would be one of the intentions of the board but its activities are only at a preliminary stage. It will probably dispense funds later in the year and while I do not know for sure, I imagine it will make public announcements in this regard. However, that will be in the second half of the year.
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