Oireachtas Joint and Select Committees
Thursday, 3 October 2024
Public Accounts Committee
Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City
9:30 am
Mr. John Kelly:
If the Cathaoirleach recalls, there was a subsequent amendment to the contract that did not go through any process or governing authority. It was meant to be paid for in tranches. It was ultimately decided to revise the contract to pay it all up front in exchange for a discount on the price. There was talk about a rental agreement in that regard. As I have said, that sum was capitalised. I did not know that.
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