Lenihan: NAMA legislation will be ready in July
Finance Minister Brian Lenihan has confirmed that legislation to establish the National Assets Management Agency (NAMA) will be ready in July.
Mr Lenihan told the Oireachtas Finance Committee today that the Dáil would probably be re-convened during the summer recess to pass the bill into law.
Meanwhile, interim NAMA chief executive Brendan McDonagh insisted that the agency would not set out to liquidate property companies.
He also said it was wrong to think of NAMA a bail-out facility.
