Seanad debates

Monday, 9 November 2009

National Asset Management Agency Bill 2009: Second Stage

 

4:00 pm

Photo of Terry LeydenTerry Leyden (Fianna Fail)

However, I would examine the Bill constructively to determine how to improve it. Since the Minister of State used to have responsibility for the board of works, he knows how effective is the OPW. I never served in that section of the Government, but it is one of the most effective organisations. The quality of the buildings it has designed and maintained should show that it would be an ideal SPV. This would reduce the cost of managing and maintaining the properties under State control. I make this genuine request. The Minister might be able show that the OPW is included in section X of the Bill because I cannot find it.

I am intrigued by the membership of NAMA, a matter covered on pages 31 and 32 of the Bill. For some time, the same old sections have been included in every Bill that I have dealt with. Deputies, Senators and councillors are excluded from membership of NAMA and the SPV. Why? Senator O'Toole is vice chairman of the Personal Injuries Assessment Board and is doing a great job. I could name any Senator, excluding the Cathaoirleach since he could not take the job.

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