Office of Public Works

Dáil Éireann Debate, Tuesday - 15 February 2022

Tuesday, 15 February 2022

Ceisteanna (315)

Mairéad Farrell

Ceist:

315. Deputy Mairéad Farrell asked the Minister for Public Expenditure and Reform further to Parliamentary Question No. 272 of 8 February 2022, if 50% of the proceeds must be returned to his Department as part of general taxation for those properties identified as for disposal in cases in which the proceeds from these sales are not recommitted within the same accounting year into another OPW development project; and his views on whether such a clawback rule is fit for purpose. [8215/22]

Freagraí scríofa

Minister of State at the Department of Public Expenditure and Reform

The retention of the proceeds of disposals is dependent on funding required by the OPW to fund the purchase of other property assets. The OPW seek specific delegated sanction on an annual basis from the Department of Public Expenditure and Reform, based on annual funding requirements and investment proposals. Any amounts receipted over and above the delegated sanction are returned to the Exchequer through Appropriation in Aid.