Bernard Durkan (Kildare North, Fine Gael)
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Question 263: To ask the Minister for Community, Rural and Gaeltacht Affairs his intentions for expenditure for 2007 of funds accruing from the dormant accounts fund; if this is expected to be replicated in 2008; and if he will make a statement on the matter. [43210/06]

Noel Ahern (Dublin North West, Fianna Fail)
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To date €120m has been allocated from the Dormant Accounts Fund in the period 2003-2006. The level of expenditure and the priorities to be supported from the Dormant Accounts Fund in 2007 are currently under consideration. In this regard, the legislation requires the Minister to consult other appropriate Ministers for the purpose of developing a proposal for submission to Government for approval. This process is almost complete and the intention is to submit a proposal to Government in January concerning the 2007 round of funding. The level of expenditure in 2008 and beyond will be decided with reference to the value of the Fund and estimated inflows on an annual basis.