Dáil Éireann Debate, Wednesday - 4 March 2015
201. Deputy Martin Ferris asked the Minister for the Environment, Community and Local Government if local authorities are required by legislation to hold moneys accrued from the sale of dwellings owned by the authority in a separate bank account; and if he will make a statement on the matter. [9421/15]
View answerSection 13 of the Housing (Miscellaneous Provisions) Act 2009 provides that moneys accruing to a housing authority from the sale of dwellings under the incremental and tenant purchase schemes provided for under Parts 3 and 4 of that Act, the resale of dwellings or sites under the Housing (Miscellaneous Provisions) Act 2002 and from other specified sources, shall be accounted for by the authority in a separate account. Such moneys may, with the prior approval of the Minister for the Environment, Community and Local Government, be used by a housing authority for housing and related purposes, including the refurbishment of existing housing.
Section 34(b) of the Housing (Miscellaneous Provisions) Act 2014 will, on commencement, have the effect of applying the provisions of section 13 of the 2009 Act to the new tenant purchase scheme provided for under Part 3 of the 2014 Act.
