Colm Burke (Fine Gael) | Oireachtas source

I welcome the Minister of State. I wish to raise the issue of Part V compliance. I know of a number of projects that did not comply with Part V when a company went into liquidation. There is a difference between going into liquidation and entering NAMA. In this case Ulster Bank is involved but is not part of the NAMA process. I was concerned to find that the properties are fully occupied. I have sought clarification from the local authority on whether there was compliance with Part V and if the appropriate moneys were paid. Under Part V lands were to be made available to the local authority but they were mortgaged to another bank and, therefore, Part V could not have been complied with.

What action has the Department taken to ensure that liquidators in this situation comply with Part V, by way of a financial contribution, if a property is not going to be made available?

It is one area on which we appear not to have got full clarification. Local authorities provided the necessary services not only for this development but a number of developments, without any compliance with Part V, yet these properties are now occupied and an attempt is being made to sell them. Will the local authorities get a contribution for providing the services in view of what has occurred?