Róisín Shortall (Dublin North West, Social Democrats)
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287. To ask the Minister for Arts, Heritage and the Gaeltacht the projects from which allocated Dormant Accounts Fund funding has been withdrawn in each of the past ten years; and the value, location, purpose of the project, applicant name and reason for the withdrawal in each case. [40983/16]

Michael Ring (Mayo, Fine Gael)
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The legislation governing the Dormant Accounts Fund provides for the disbursement of monies for the purposes of programmes or projects to assist:

- the personal and social development of persons who are economically or socially disadvantaged;

- the educational development of persons who are educationally disadvantaged, or

- persons with a disability.

Projects and programmes which are supported by the Fund are implemented by various Government Departments and agencies.

My Department has an oversight role in the relation to the allocation and disbursement of Dormant Accounts funding. However, it is a matter for each Government Department and agency to oversee the implementation of their own Dormant Accounts measures. Consequently, my Department does not have details of individual projects which were withdrawn.

However, on the basis of the summary statement of inflows and outflows from the Dormant Accounts Fund which are published on my Department’s website, I can confirm that a total of approximately €11 million has been decommitted from projects approved from the time the Dormant Accounts Fund was established in 2003, up to the end of September 2016. Further details are available on my Department’s website at: .

Róisín Shortall (Dublin North West, Social Democrats)
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288. To ask the Minister for Arts, Heritage and the Gaeltacht the total value of allocations over the past ten years under the Dormant Accounts Fund that have yet to be drawn down with a breakdown by the year the allocation decisions were made. [40984/16]

Heather Humphreys (Cavan-Monaghan, Fine Gael)
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The Dormant Accounts Act 2001, together with the Unclaimed Life Assurance Policies Act 2003 and the Dormant Accounts (Amendment) Acts 2005-2012, provide a framework for the administration of unclaimed accounts in credit institutions (i.e. banks, building societies and An Post) and unclaimed life assurance policies in insurance undertakings.

The legislation governing the Dormant Accounts Fund provides for the disbursement of monies for the purposes of programmes or projects to assist:

- the personal and social development of persons who are economically or socially disadvantaged;

- the educational development of persons who are educationally disadvantaged, or

- persons with a disability.

My Department has an oversight role in the relation to the allocation and disbursement of Dormant Accounts funding.

Since its establishment in April 2003 to the end of September 2016, €321.39 million , net of decommitments, have been approved for disbursement from the Fund for eligible projects. A total of €264.97 million has been paid out to projects over the same period.T he balance of funds to be disbursed on foot of approvals is €56.42 million.

Full summary details of the Dormant Accounts Fund on a year-by-year basis are available on my Department’s website at: .