Seanad debates

Wednesday, 8 December 2004

Dormant Accounts (Amendment) Bill 2004: Report and Final Stages.

 

4:00 pm

Photo of Éamon Ó CuívÉamon Ó Cuív (Galway West, Fianna Fail)

A substantial amount of money has been sanctioned by the board. Under the current system, I have never queried anything it has done. My approval is already required in cases involving amounts greater than €300,000. The only case I queried was where current funding was provided and I asked a legitimate question regarding sustainability. It is a fair question for a Minister to ask. I did not refuse or accept the request. I asked the board to come back and tell me if the project could be sustained after two years. There is no point establishing a project for two years and then closing it down.

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