Vol. 414 No. 9
22 Mr. G. O'Sullivan asked the Minister for Industry and Commerce if he will outline (1) the asset portfolio of the National Development Corporation and (2) the proposals he has for that portfolio, following the dissolution of that corporation; and if he will make a statement on the matter.
The latest published information in regard to NADCORP's asset portfolio is contained in the corporation's annual report for 1990, which was laid before the Houses of the Oireachtas on 31 May 1991, and which is available in the Dáil Library.
As I explained to his House last week during the debate on the Industrial Development (Amendment) Bill, 1991, NADCORP will, on the commencement of the Act, be amalgamated with the IDA and its assets will consequently be transferred to the IDA. Subsequently, in so far as SFADCo and údarás na Gaeltachta are charged with responsibility for development in regions where certain NADCORP holdings are situated, such holdings will be transferred to SFADCo or údarás na Gaeltachta as appropriate.
