Oireachtas Joint and Select Committees
Thursday, 2 March 2017
Public Accounts Committee
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Environment, Community and Local Government
9:00 am
Mr. John McCarthy:
The priority is to do it through the HFA. Local authorities have discretion, if they so choose for whatever reason, to fund borrowing through other vehicles. It is open to them to do that, but our priority is to try to ensure that the bulk of the borrowing - as I said 90% of €4 billion - is through the HFA.