Dáil Éireann Debate, Wednesday - 17 September 2014
1359. Deputy Jonathan O'Brien asked the Minister for Education and Skills the funds given to Caranua so far; the dates on which the moneys were transferred; the schedule for delivery of outstanding funds. [33887/14]
View answerTo date, some €78.3m, comprising contributions and associated interest has been lodged to the special investment account opened by the National Treasury Management Agency (NTMA) in accordance with section 29 of the Residential Institution Statutory Act, 2012. Of this amount €41.3m, which had been held in a special deposit account in the Central Bank of Ireland was lodged to the NTMA account on the establishment of the Fund in March 2013. Further contributions amounting to €33.5m were received from congregations on various dates in 2013 with a further €3.5m being received in 2014.
I understand that one congregation is expected to make further contributions of €2m later this year and again in 2015 and that another congregation is providing the proceeds of property disposals as they arise. I will be continuing to press those congregations who have yet to give clear timeframes for the completion of their contributions to do so.
