The Dormant Accounts Board was dissolved on 31 December 2012 and a new disbursement scheme was approved by Government in December 2013 in accordance with the Dormant Accounts (Amendment) Act 2012. This was laid before the Houses of the Oireachtas on the 18 December 2013.
The 2012 Dormant Accounts (Amendment) Act also provides for the preparation of an action plan to give effect to the disbursement scheme. Organisations will be able to apply for funding once the action plan is approved, which is expected to be later this year, following a consultation process with relevant Government Departments and Pobal. I have allocated €5.456 million for Dormant Accounts Measures under my Department in 2014, which includes €2 million to be used to support labour force activation measures in local authorities and the implementation of a modest action plan.
Further data in relation to the Dormant Accounts Fund are available on my Department's website at www.environ.ie.