Dáil Éireann Debate, Friday - 16 December 2016
311. Deputy Éamon Ó Cuív asked the Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs the total spending to date under the Dormant Accounts Fund in 2016; the remaining funds that are currently in the fund in 2016; and if she will make a statement on the matter. [40816/16]
View answer312. Deputy Éamon Ó Cuív asked the Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs the total spending to date under the Dormant Accounts Fund in 2016, by county, in tabular form; and if she will make a statement on the matter. [40817/16]
View answerI propose to take Questions Nos. 311 and 312 together.
The Dormant Accounts Act 2001, together with the Unclaimed Life Assurance Policies Act 2003 and the Dormant Accounts (Amendment) Acts 2005-2012, provide a framework for the administration of unclaimed accounts in credit institutions (i.e. banks, building societies and An Post) and unclaimed life assurance policies in insurance undertakings.
The legislation introduced a scheme for the disbursement of funds that are unlikely to be reclaimed, but only for the purposes of programmes or projects to assist the personal and social development of persons who are economically or socially disadvantaged, the educational development of persons who are educationally disadvantaged, or persons with a disability. These programmes and projects are implemented by a range of Government Departments and agencies.
My Department has an oversight role in the relation to the allocation and disbursement of Dormant Accounts funding and also provides funding for a number of measures. Details of the monies disbursed from my own Department's Vote to date in 2016 ,by measure and by county, are set out on the table below.
Full summary details of the Dormant Accounts Fund are available on my Department’s website at: http://www.ahrrga.gov.ie/app/uploads/2016/10/dormantaccounts-30-09-2016.pdf.
The net value of uncommitted Dormant Account funds stood at €139.94 million at the end of September 2016.
|
Dormant Accounts Measure |
County |
Expenditure € |
|
Round 4 - RAPID |
Dublin Fingal |
23,777.00 |
|
Round 4 - RAPID |
Wexford |
499.50 |
|
Round 4 - 5 New RAPID Towns |
Limerick County |
3,950.00 |
|
Social Enterprise |
Clare |
60,000.00 |
|
Social Enterprise |
Cork County |
212,470.80 |
|
Social Enterprise |
Dublin County |
43,632.00 |
|
Social Enterprise |
Dublin Fingal |
131,982.48 |
|
Social Enterprise |
South Dublin County |
22,356.00 |
|
Social Enterprise |
Galway City |
55,390.50 |
|
Social Enterprise |
Kerry |
135,120.00 |
|
Social Enterprise |
Kilkenny |
90,000.00 |
|
Social Enterprise |
Limerick City |
22,000.00 |
|
Social Enterprise |
Mayo |
40,847.00 |
|
Social Enterprise |
Meath |
34,560.00 |
|
Social Enterprise |
Roscommon |
39,217.50 |
|
Social Enterprise |
Wexford |
21,555.00 |
|
Social Enterprise |
Wicklow |
42,702.30 |
|
|
Total |
980,060.08 |
