Seanad debates
Tuesday, 1 June 2010
Multi-Unit Developments Bill 2009: Report and Final Stages
5:00 pm
Dermot Ahern (Louth, Fianna Fail)
On Committee Stage I indicated that I would examine the possibility of looking at a more flexible approach to the payment of minimum sinking fund contributions. As I am conscious of the need for flexibility in the matter, the amendment substitutes the word "other" for "greater" in section 16(4). This will mean that the annual contribution to the sinking fund will be €200, unless a different amount is agreed at a meeting of the unit owners.
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