Fergus O'Dowd (Louth, Fine Gael) | Oireachtas source

I do not see an issue about the transparency of that transfer as it will only happen once. The council, the Minister and Irish Water, will know. I do not see any issue arising. The transfer will not be in cash. If a local authority has a cash fund of lodgments as a result of planning applications and lodgments of cash for water services, this will be kept on the balance sheet of the local authority and it will be part of the arrangements for the service level agreement. No cash will be transferred to Irish Water, Uisce Éireann.