David Cullinane
Ceist:67. Deputy David Cullinane asked the Minister for Education and Skills if newly formed technological universities will have the ability to borrow; and if he will make a statement on the matter. [10915/17]
Amharc ar fhreagraThursday, 2 March 2017
Ceisteanna (67)
Freagraí scríofa
Provision has already been made in the Technological Universities Bill, 2015 which will allow that a technological university, or any company in which the technological university has a proprietary interest, may borrow money by means of a bank overdraft or otherwise and may guarantee or underwrite a loan taken or borrowing undertaken by any person.
However, this will be subject to the development by the Higher Education Authority of a Borrowing Framework for Technological Universities which will require the approval of the Minister for Education and Skills, the Minister for Public Expenditure and Reform and the Minister for Finance.