Seanad debates
Tuesday, 1 June 2010
Multi-Unit Developments Bill 2009: Report and Final Stages
5:00 pm
Dermot Ahern (Louth, Fianna Fail)
These are technical amendments which make it clear that section 17 applies both to the annual service charge referred to in section 15 and the sinking fund contributions referred to in section 16. The effect of section 17 remains the same, that is, that an owner-management company will be able to issue a request for payment of an aggregate amount comprising the annual service charge and the sinking fund contribution. When doing so, it must provide the basis for the calculation of both the service charge and the sinking fund contribution.
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