Derek McDowell (Labour)

This section sets out the funding mechanism for the authority, 40% of which will be paid for by the State through a grant from the Department of Enterprise, Trade and Employment and the remainder apportioned by the supervisory authorities between the various prescribed bodies. I am not clear as to the distinction between that and the reserve fund. There seems to be a distinction between what one can spend the annual budget on and what one retains the reserved fund for. I am not clear about this and I ask the Minister to clarify it.