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Results 481-500 of 1,115,595 for in 'Dáil debates' OR (speaker:Tom Kitt OR speaker:Denis Naughten OR speaker:Jack Chambers OR speaker:Paul Murphy OR speaker:Mary Butler OR speaker:Bernard Durkan OR speaker:Heather Humphreys OR speaker:Duncan Smith OR speaker:Robert Troy OR speaker:Mick Barry OR speaker:Ivana Bacik OR speaker:Joan Collins OR speaker:Pearse Doherty OR speaker:Micheál Martin OR speaker:Colm Brophy OR speaker:Jennifer Whitmore OR speaker:Darragh O'Brien OR speaker:Brian Stanley OR speaker:Norma Foley OR speaker:Niall Collins OR speaker:Niamh Smyth OR speaker:Michael Healy-Rae OR speaker:Paul Donnelly OR speaker:Matt Shanahan OR speaker:Sorca Clarke OR speaker:Johnny Mythen OR speaker:Richard O'Donoghue OR speaker:Stephen Donnelly OR speaker:Verona Murphy OR speaker:Cormac Devlin) in 'Committee meetings'

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: What did it cost?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: I am just limited on time. I just need a cost please, if Mrs Henehan would not mind.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: I only have one minute remaining. On the pensions arrangements, for, relatively speaking, a fledging organisation, there seems to be quite an array of pension arrangements for staff. There are 83 in total. Will Mr. Coleman outline the rationale behind that and indicate why there is such variance between the pension arrangements in place for different staff?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: I thank Mr. Coleman very much for all that. I appreciate it.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Would somebody from the Department explain? Perhaps Mr. O'Sullivan can confirm that? Certainly at least some of the funding was off-balance sheet.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Just to clarify, that is all capital expenditure, Mr. O'Sullivan.

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?

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