325 Deputy Joan Collins asked the Minister for the Environment, Community and Local Government if his attention has been drawn to the fact that when Sligo County Council sought and received sanction from him for a term loan of €15 million in 2010 it stated in its application that the purpose to which the loan was to be applied was “to fund balances on our capital account that remain unfunded — Water Investment Projects awaiting Special Development Levies, Asset purchases completed in advance of Gateway funding and project balances, along with our Revenue Account Deficit”; if his further attention has been drawn to the fact that the loan was not in fact applied to the revenue account deficit of €7.5 million and the deficit was carried forward into the following year; his views on whether he was misled by Sligo County Council and if he finds such behaviour acceptable, in view of the fact that the council had a total closing overall deficit balance of €9,981,616 on 31 December 2010; and if he will make a statement on the matter. [29537/11]

Summary

325 Deputy Joan Collins asked the Minister for the Environment, Community and Local Government if his attention has been drawn to the fact that when Sligo County Council sought and received sanction from him for a term loan of €15 million in 2010 it stated in its application that the purpose to which the loan was to be applied was “to fund balances on our capital account that remain unfunded — Water Investment Projects awaiting Special Development Levies, Asset purchases completed in advance of Gateway funding and project balances, along with our Revenue Account Deficit”; if his further attention has been drawn to the fact that the loan was not in fact applied to the revenue account deficit of €7.5 million and the deficit was carried forward into the following year; his views on whether he was misled by Sligo County Council and if he finds such behaviour acceptable, in view of the fact that the council had a total closing overall deficit balance of €9,981,616 on 31 December 2010; and if he will make a statement on the matter. [29537/11]

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• Local Authority Funding

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