Dáil Éireann Debate, Tuesday - 1 June 2004
373 Mr. Naughten asked the Minister for Community, Rural and Gaeltacht Affairs the timescale in processing an application under the dormant accounts fund by ADM Ltd.; the date on which applications currently before the appraisals committee were received; the timescale for deciding on an application (details supplied); and if he will make a statement on the matter. [16189/04]
View answerThe Dormant Accounts Fund Disbursements Board engaged Area Development Management Limited to administer the initial round of funding on its behalf, which involves the disbursement of up to €30 million from the fund. An invitation to organisations, groups, etc., to make applications for funding was advertised in the national press on Friday 21 November 2003. The closing date for receipt of applications for this round of funding was 5 p.m. on 5 March 2004.
According to ADM's records, an application from the organisation concerned was received before the 5 March deadline and was acknowledged on 2 April 2004. The application, like all others received before the deadline, will be evaluated against the criteria as set out in the published guidelines. Following this evaluation process, a recommendation will be made to the dormant accounts board for decision.
At this stage, ADM is not in a position to specify when a decision is likely to be made on this or other applications due to the volume of applications received that are being assessed. However, the organisation and all other applicants will be advised of the outcome in due course.
