Michael Finneran (Roscommon-South Leitrim, Fianna Fail)

The amendment substitutes a new subsection (5) for the existing subsection and clarifies that the amount of the clawback must be calculated in such a way that the net proceeds, that is, after clawback is discounted, from reselling the site are not less than the price originally paid for the site by the vendor. In other words, the amendment provides that the clawback cannot operate to leave the seller with an amount from the resale of the site that is less than what he or she originally paid for the site.