Seanad debates

Wednesday, 14 July 2004

State Airports Bill 2004: Committee Stage.

 

11:00 am

Photo of Séamus BrennanSéamus Brennan (Dublin South, Fianna Fail)

Section 3 is intended to cover administrative funds and not large restructuring funds. It enables the Minister for Transport to have expenses incurred in the administration of the Act paid out of public funds subject to the consent of the Minister for Finance. These may be incurred in establishing the boards, administrative expenses like fees for establishing companies and so forth. It also covers administrative expenses in putting the Act in place, such as hiring legal experts or accountants. It is to enable the companies to get going rather than covering the actual business of the companies. It is not intended to cover large restructuring sums as discussed earlier.

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