asked the Minister for Local Government why Offaly County Council had no money to pay SDA loans on 6th December, 1974.
Ceisteanna — Questions. Written Answers. - Offaly SDA Loans.
80.
The original capital allocation for house purchase loans and supplementary grants to Offaly County Council for the nine-month period to 31st December, 1974, was £250,000.
When I became aware that this amount would prove inadequate for their needs, I arranged for the issue from the Local Loans Fund of an extra £60,000 on 18th November and a further £86,000 on 9th December.
I understand that, while the council normally make loan payments on a Friday, they did not do so on Friday, December 6th, as they were awaiting receipt of the £86,000 instalment.