Decisions on the disbursement of funds from dormant accounts moneys are currently a matter for the Dormant Accounts Fund Disbursements Board, an independent body established under the Dormant Accounts Acts. The board has engaged Area Development Management Limited, ADM, to administer the initial round of funding on its behalf, which involves the disbursement of up to €60 million from the fund.
An application from the group concerned was received by ADM and evaluated against the criteria set out in the published guidelines. I understand that the board decided not to approve the application and the group concerned was advised of the board's decision on 15 April 2005. The group can obtain further information regarding the reasons the application was not approved and can avail of the opportunity to seek a review of the decision by contacting ADM.
I have no direct role in relation to the board's decisions except where the board decides to approve grants in excess of €300,000. In such cases my consent is required before any disbursement can be made.
