Dáil Éireann Debate, Wednesday - 28 February 2007
235 Mr. Durkan asked the Minister for Community, Rural and Gaeltacht Affairs the full extent of his Department’s expectations in terms of receipts from the Dormant Accounts Fund; and if he will make a statement on the matter. [7957/07]
View answerDormant Accounts legislation provides for an annual transfer by credit institutions and insurance undertakings of monies in dormant accounts into the Dormant Accounts Fund. Since the establishment of the Fund in May 2003, a total of €373.2 million has been transferred, of which €112.6 million has been reclaimed. At this juncture, it is difficult to estimate what the inflows to the Fund will be in 2007 and subsequent years.
