Marc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

I know the Department would engage, but I am asking if it would proactively suggest through what was the county managers association or whatever normal liaison forum it has that it would seek to do that because inevitably local authorities seem to be paying punitive rates compared with those available to the HFA or the NTMA. That ultimately eats into the amount discretionary funds available for local authorities. I ask that the Department would do that. Obviously, some local authorities would be affected more than others by funds they had borrowed for matters other than housing finance.

Regarding section 106 of the Local Government Act, what level of scrutiny and oversight is applied if, for example, Waterford City and County Council wanted to borrow €10 million? Whom does it contact? What is the process?