Clare Daly (Dublin North, United Left)
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186. To ask the Minister for Education and Skills the method of funding for a State agency (details supplied); and if this funding has been sourced from moneys set aside for victims of industrial abuse. [26625/14]

Ruairi Quinn (Dublin South East, Labour)
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Caranua, the Residential Institutions Statutory Fund Board was established under the Residential Institution Statutory Act, 2012, to oversee the use of the cash contributions of up to €110 million, pledged by the religious congregations, to support the needs of survivors of institutional child abuse. Contributions from congregations are deposited in the special investment account opened by the National Treasury Management Agency in accordance with section 29 of the 2010 Act. Some €77m comprising contributions and associated interest have been lodged to this account to date. In accordance with section 30 of the Act, expenditure incurred by Caranua in the performance of its functions is met from the investment account. Caranua requests the Agency to forward sums as required to meet its expenditure.