I propose to take Questions Nos. 83 and 93 together.
I attach a very high priority to preparing the necessary primary legislation to underpin the imposition of a levy on the quarrying and insurance sectors, in conjunction with the Office of the Attorney General. The Department is currently advancing the drafting of the general scheme of a Bill. While there are particular complexities attaching to the proposed legislation, which require detailed consultations with other Departments, I am confident that these can be dealt with in a satisfactory manner and I will be in a position to bring proposals to the Government very shortly. It is my intention that the Bill be published and enacted in the shortest possible timeframe and there will be no delay on my part.
The Department continues to engage in discussions with a number of financial institutions, facilitated by the Irish Banking Federation, with a view to securing a loan facility which the not-for-profit entity would draw down to permit the earliest possible commencement of remediation works. It is intended that detailed negotiations with the prospective lenders on the terms and conditions of this facility will be concluded by the not-for-profit entity. Loan funds drawn down would be repaid over time from the proceeds of the statutory levies.
I have recently announced the establishment of the Pyrite Resolution Board and the appointment of Mr. John O’Connor, former chairman of An Bord Pleanála, as its chairman, together with three board members. I also indicated that I would be appointing a final member to the board from the not-for profit entity. Mr. Matt Gallagher, the immediate past president of the Construction Industry Federation, CIF, is the nominee from that entity and I have now appointed him as the final member of the board. I believe the membership of the board has the particular range of skills and experience necessary to oversee and ensure the successful operation of the remediation scheme, and to ensure that the public interest and the interest of the affected home owners are well served. The board will be working closely with the not-for-profit entity to deliver an efficient and effective remediation scheme for home owners who have no other option for redress open to them.
I understand the Pyrite Resolution Board has had a number of meetings and has now commenced work on drawing up the precise scope of the remediation scheme, including eligibility criteria, procedures and priorities. It is also in the process of developing its own website, where it will publish documentation and a system for receiving applications from eligible home owners.