Results 401-420 of 1,120,170 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Violet-Anne Wynne OR speaker:Cathal Crowe OR speaker:Mattie McGrath OR speaker:Jack Chambers OR speaker:Alan Dillon OR speaker:Holly Cairns OR speaker:Sorca Clarke OR speaker:Martin Browne OR speaker:Matt Shanahan OR speaker:Brian Stanley OR speaker:Michael Healy-Rae OR speaker:Seán Crowe OR speaker:Joan Collins OR speaker:Brendan Howlin OR speaker:Seán Fleming OR speaker:Catherine Connolly OR speaker:Seán Canney OR speaker:Michael McGrath)
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: Off-balance sheet changes things.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: Take your time, Deputy. If we need to go over time by a few minutes that is okay.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: If it is useful at this point, the amount that came from ISIF is €1.25 billion. Is that correct?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: No, it is only that part of it. To clarify, it is only €1.25 billion. The LDA has to fund a plan with €6.25 billion. Is that correct?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: There will be a second round and I will bring the Deputy back in.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: I am conscious of people looking in here. There is a lot of back and forth. The Deputy has been trying to tease out the sources of funding and then what is and is not on the State balance sheet. In his opening statement, Mr. Coleman said, "We have already received funding commitments of €2.5 billion.", from Government and half of that is from ISIF. Is that correct?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: I am trying to keep it simple. Mr. Coleman said, in his opening statement, that the agency has received a commitment for €2.5 billion. One part of that is a commitment for €1.25 billion. Is that the ISIF money, "Yes" or "No"?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: From ISIF?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: There is €2.5 billion from ISIF. On the next part then, did Mr. Coleman say that there is a further €1.25 billion from budget 2025?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: In budget 2025, there is €1.25 billion. Where do the AIB shares fit in there?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: Is the AIB shares sum included in either that €1.25 billion from budget 2025 or the original €2.5 billion? Where is it contained?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: AIB, that is okay. Let us hope I can get to the bottom of this. Now the agency has €3.75 billion. Then Mr. Coleman stated, "the Government ... has signalled its intention to raise our total capitalisation to ... €6.25 billion ...". The agency is at €3.75 billion. The agency needs another €2.5 billion, including the provision to borrow €1.25 billion. Mr....
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: So the State will give a further subsidy of €1.25 billion? Is it non-repayable?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: There is €3.75 billion in the bag, and with this €2.5 billion needed now, the LDA will borrow half of that. The LDA will receive an investment from the State of €1.25 billion.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: Okay. That €1.25 billion will be off-balance sheet because the LDA will be borrowing from the markets.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: On-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: Is the LDA borrowing it from the open markets or from the European Investment Bank? Where is it getting it from?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: Out of the total sum of €6.25 billion, and there is a bit of hope involved in this from what is being said, there is a €1.25 billion equity investment from the State which is State equity. How much of the total of €6.25 billion will be on the balance sheet and how much will be off the balance sheet?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: It is all on the State's balance sheet? All €6.25 billion is on it?