Ulick Burke (Galway East, Fine Gael)
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Question 354: To ask the Minister for Agriculture, Fisheries and Food the total amount of money returned to the Exchequer by Teagasc for each of the years 2007, 2008 and 2009, following the sale of property in County Galway; and if he will make a statement on the matter. [16747/10]

Brendan Smith (Cavan-Monaghan, Fianna Fail)
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In addition to the normal annual grant in aid payments, Teagasc was allowed to retain €28m of the total proceeds of €37.4m from the proceeds of property disposals in Galway for specific capital investment purposes. The retained proceeds are being used by Teagasc for capital investment in the development of certain research centres of excellence under the Teagasc Research Vision Programme. An amount of €9.4m was returned to the exchequer as an Extra Exchequer Receipt in 2007.