Members of the FAI Council have voted to support the banking element of the €50 million rescue deal negotiated in January.
It's understood that all of the 60 votes cast today by members of the FAI National Council via email were in favour of accepting the new banking proposals.
The Council vote was required to sanction a change in the association’s banking terms.
Before today’s email ballot - conducted by independent consultancy firm Grant Thornton - any loan facility over €1.27 million euro required a majority of support from council members.
Details of the financial package negotiated in January with stakeholders including the Government, UEFA and the Bank of Ireland were circulated to members last night.
With the bailout now formalised funds can now be released for essential outgoings, such as monthly wages to staff which are due next week.
Government funding, which had been suspended can now also be restored.
FAI President Gerry McAnaney has welcomed today's vote and said: "I am delighted that all those Council members who voted today, voted in favour of this proposal from our Board.
"It is a significant step forward for the new FAI and the ringing endorsement by Council today just highlights their support for real change in Irish football.
"On behalf of Senior Council, I would also like to thank all those board members and staff who have worked so hard since the AGM in Trim last July to get us to this point. Together with our new Independent Directors, they have made days like today possible for our game and I salute all of them for their work."
