Alan Kelly (Tipperary North, Labour) | Oireachtas source

For the purposes of clarity, these is a range of loans and the figure is under €460 million; I understand it is closer to €450 million. In addition, it now is proposed that the €450 million owed to the Housing Finance Agency should be unwound by the provision of necessary finance from central funds. I am talking about debt with local authorities being transferred to central funds. It is not with Irish Water and will be paid from central funds.

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