Arthur Morgan (Louth, Sinn Fein)
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Question 89: To ask the Minister for Finance the person he is consulting with in drawing up the National Asset Management Agency legislation. [27275/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Deputy will be aware that the establishment of NAMA and the interim preparations, including the drafting of legislation, are being overseen by a NAMA Steering Group established by me. The Group comprises representatives of my Department, the NTMA and the Attorney General.

To date, the interim NAMA has managed three tender competitions covering (i) banking and financial advice, (ii) tax advisory services and (iii) legal advice. Future tender competitions will be advised on the NAMA website www.nama.ie. While the drafting of the NAMA legislation is being overseen by the Steering Group, the expert advice of the three companies appointed to advise NAMA will feed into the process.

I also would add that many constructive observations, comments and advices have been independently offered. These have been referred to the Steering Group and the interim Managing Director of NAMA for consideration.