Dáil Éireann Debate, Tuesday - 22 January 2013
436. Deputy Kevin Humphreys asked the Minister for the Environment, Community and Local Government if there is a specific reason that credit unions remain exempt from the Dormant Accounts legislation; and if he will make a statement on the matter. [2295/13]
View answerIn practical terms, increasing the amount available in the Dormant Accounts Fund does not necessarily allow for the introduction of new dormant accounts measures or programmes. While applying the provisions of the dormant accounts legislation to credit union accounts would increase the amount available in the Fund, Government Departments and agencies would still have to source monies for dormant accounts measures from their existing Exchequer allocations, in the same way as with any other funding programmes. Given budgetary constraints , expenditures on new dormant accounts measures or programmes could therefore affect other existing programmes, and would increase Government debt levels.
