Seanad debates
Wednesday, 28 May 2003
Companies (Auditing and Accounting) Bill 2003: Committee Stage.
10:30 am
Derek McDowell (Labour)
I always think it is a good idea to allow bodies that are set up on a statutory basis to retain any money they have left over. To provide for a clawback, saying in effect that money not spent in one year will be taken back by the Department of Finance the following year, is inviting a body to spend money it does not need to spend.
Question put and agreed to.
SECTION 17.
Government amendment No. 12:
In page 16, subsection (2), line 29, to delete "terms of conditions" and substitute "terms or conditions".
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