The Private Residential Tenancies Board (PRTB) commenced operations in September, 2004 and receives funding from my Department by way of annual grant. In addition, the Office of Public Works (OPW) has made payments for the benefit of the PRTB, primarily for accommodation overheads, and some fixed assets have also been transferred to the PRTB by my Department.
The accumulated total up to 30 April 2008 is €12,811,068 and is set out in the following table:
Year
|
2004
|
2005
|
2006
|
2007
|
Period to 30 April 2008
|
|
€
|
€
|
€
|
€
|
€
|
Grant
|
154,266
|
1,703,279
|
2,973,787
|
5,739,940
|
1,136,072
|
OPW payments
|
98,406
|
286,709
|
280,854
|
279,461
|
Nil
|
Assets Transferred
|
|
158,294
|
|
|
|
Total Cost
|
252,672
|
2,148,282
|
3,254,641
|
6,019,401
|
1,136,072
|
The PRTB is in receipt of fees for the registration of tenancies under Part 7 of the Residential Tenancies Act 2004. Two sevenths (2/7) of these fees is retained by the PRTB to assist in funding its operations and five sevenths (5/7) is allocated to Local Authorities for the purpose of the performance of their functions in relation to the Housing (Standards for Rented Houses) Regulations 1993, the Housing (Rent Book) Regulations 1993 and other provisions of the Housing Acts related to private rented accommodation.
The PRTB also receives application fees for the use of its dispute resolution services. The total fees collected by the PRTB up to 31/12/2007 are set out in the following table:
Year
|
2004
|
2005
|
2006
|
2007
|
|
€
|
€
|
€
|
€
|
Total Registration Fees
|
152,730
|
4,911,122
|
5,995,772
|
6,156,749
|
Dispute fees
|
Nil
|
18,035
|
38,340
|
36,181
|