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Dormant Accounts Fund

Dáil Éireann Debate, Tuesday - 17 October 2017

Tuesday, 17 October 2017

Questions (540)

Catherine Connolly

Question:

540. Deputy Catherine Connolly asked the Minister for Rural and Community Development the number of disbursement reports, similar to the disbursement of moneys from the investment and disbursements accounts annual report 2014, that have been published on an annual basis prior to this report; the reports that have been published since; and if he will make a statement on the matter. [43626/17]

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Written answers

Prior to 2013, disbursements from the Dormant Accounts Fund were managed by the Dormant Accounts Disbursement Board and, subsequently, by the Dormant Accounts Board. 

The Dormant Accounts (Amendment) Act 2012 dissolved the Dormant Accounts Board and transferred the statutory functions of the Board to the Minister for the Environment, Community and Local Government with effect from 1st January 2013. 

The Act provides that the Minister shall prepare and furnish an annual report to the Government on the disbursement of monies from the Dormant Accounts Funds to programmes and projects during the preceding year.  The first annual report following the transfer of these functions was in respect of 2014.   

Responsibility for the Dormant Accounts Fund disbursement schemes transferred to the Department of Arts, Heritage, Regional, Rural and Gaeltacht Affairs in May 2016 and subsequently to my Department on 27th July 2017.  I will be bringing the Annual Reports on the operation of the Dormant Accounts Fund disbursement schemes for 2015 and 2016 to Government for approval shortly with a view to their publication.

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