Seanad debates

Wednesday, 14 July 2004

State Airports Bill 2004: Committee Stage.

 

11:00 am

Derek McDowell (Labour)

I move amendment No. 15:

In page 9, subsection (8), line 23, to delete "Costs" and substitute "All costs".

This amendment deals with the costs of the restructuring operation. Section 7(8) stipulates that "Costs arising from the restructuring may be paid by the Minister, to such extent as may be sanctioned by the Minister for Finance." The Bill represents a political decision by the Minister and the costs of restructuring, which may be considerable, should be paid by the Exchequer rather than saddling the company with those costs.

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