Dáil Éireann Debate, Tuesday - 23 June 2015
339. Deputy Niall Collins asked the Minister for Agriculture, Food and the Marine if he or his Department have received any representations from the Irish Greyhound Board seeking to increase its debt limit, or to have access to emergency funding, since June 2012; and if he will make a statement on the matter. [25169/15]
View answerBord na gCon (BNG) is a commercial State body, established in 1958 under the Greyhound Industry Act, 1958, chiefly to control greyhound racing and to improve and develop the greyhound industry. State funding to the horse and greyhound racing industries is provided through the Horse and Greyhound Racing Fund. 80% and 20% of the moneys paid into the Fund each year are distributed between Horse Racing Ireland and Bord na gCon respectively. The allocation to Bord na gCon for 2015 is €13.6m and is linked to the extension of the betting tax in 2015 to online betting and betting exchanges which will bring in significant extra revenue. Bord na gCon has an approved borrowing limit of €25m. My Department monitors the level of borrowings on an ongoing basis. My Department has not received any representations from Bord na gCon seeking to increase its debt limit or to have access to emergency funding since June 2012.
