161. Deputy Joan Collins asked the Minister for the Environment, Community and Local Government if his attention has been drawn to the fact a letter of the 2 November 2012 to the Sligo County Manager, his Department indicated that it was willing to provide approval for the conversion of Sligo County Council’s existing €7.5 million overdraft on its revenue account to a term loan; if his attention has been drawn to the fact that the Sligo County Manager told the meeting of Sligo County Council on the 5 of November that the Council would seek the €7.5 million loan from the Housing Finance Agency; if his attention has been drawn to the fact that the HFA’s function is to advance loan finance to local authorities and the voluntary housing sector to be used by them for purposes authorised by the Housing Acts, 1966-2009, and the Agency is also empowered to lend funds to local authorities for water, waste and environmental capital projects under the terms of the Housing (Miscellaneous Provisions) Act, 2002; if it is a function of the HFA to lend funds to local authorities to reduce or replace overdrafts on revenue accounts; if the HFA is empowered to lend funds to local authorities to reduce or replace overdrafts on revenue accounts; and if he will make a statement on the matter. [51752/12]

Summary

161. Deputy Joan Collins asked the Minister for the Environment, Community and Local Government if his attention has been drawn to the fact a letter of the 2 November 2012 to the Sligo County Manager, his Department indicated that it was willing to provide approval for the conversion of Sligo County Council’s existing €7.5 million overdraft on its revenue account to a term loan; if his attention has been drawn to the fact that the Sligo County Manager told the meeting of Sligo County Council on the 5 of November that the Council would seek the €7.5 million loan from the Housing Finance Agency; if his attention has been drawn to the fact that the HFA’s function is to advance loan finance to local authorities and the voluntary housing sector to be used by them for purposes authorised by the Housing Acts, 1966-2009, and the Agency is also empowered to lend funds to local authorities for water, waste and environmental capital projects under the terms of the Housing (Miscellaneous Provisions) Act, 2002; if it is a function of the HFA to lend funds to local authorities to reduce or replace overdrafts on revenue accounts; if the HFA is empowered to lend funds to local authorities to reduce or replace overdrafts on revenue accounts; and if he will make a statement on the matter. [51752/12]

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• Local Authority Funding

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