Oireachtas Joint and Select Committees
Thursday, 18 January 2018
Public Accounts Committee
Business of Committee
9:00 am
Mr. Seamus McCarthy:
They would have been provided by the Central Fund of the Exchequer. There have not been any advances under the local loans fund since around 2000, I think. It was established in the 1930s so there was a level of indebtedness from local authorities to the local loans fund, but it is now close to extinction. I think there might be €5 million or €6 million outstanding. It is a small sum anyway. It is no longer being used.