425 Deputy Catherine Murphy asked the Minister for the Environment, Community and Local Government if funds collected by local authorities under the development contribution scheme continue to have a restriction whereby only money collected in any given year may be spent in that year; if so, how that will impact on the ability of local authorities to fund the local contribution of new capital works; if any of these funds are at risk of being refunded on the basis of time limits for carrying out works; the amounts that are held by local authority and the years of same; and if he will make a statement on the matter. [7661/12]

Summary

425 Deputy Catherine Murphy asked the Minister for the Environment, Community and Local Government if funds collected by local authorities under the development contribution scheme continue to have a restriction whereby only money collected in any given year may be spent in that year; if so, how that will impact on the ability of local authorities to fund the local contribution of new capital works; if any of these funds are at risk of being refunded on the basis of time limits for carrying out works; the amounts that are held by local authority and the years of same; and if he will make a statement on the matter. [7661/12]

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• Local Authority Funding

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