Seanad debates
Wednesday, 12 February 2003
Unclaimed Life Assurance Policies Bill 2002: Second Stage.
Fine Gael supports this legislation but in the key areas which I have outlined the Minister needs to ensure that safeguards are put in place for this fund into the future. Being involved in local government, we see how very cynical people are about the use of such funds. It is crucial that these funds do not develop into some sort of slush fund. If they did, it would be a sad development. The Minister of State outlined a broad spectrum of bodies and organisations which might possibly benefit from the use of the funds. I welcome the inclusion of some of these bodies, but we have seen over the years how funds such as these have been used to influence votes in certain areas during election campaigns and it would be a retrograde step if this fund were to be used in such a manner.
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