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(1)Every local authority and the Greater London Council shall make for each year a rate fund contribution to their Housing Revenue Account of an amount equal to the difference between so much of their rent rebate subsidy for the year as is credited to that Account and the total of the Housing Revenue Account rebates granted, and the costs of administering such rebates incurred, by the authority or Council during the year.
(2)If an order made by the Secretary of State with the consent of the Treasury so provides, the items mentioned in subsection (3) below, or such proportion thereof as may be calculated in the manner prescribed by the order, shall not count as relevant expenditure for the purposes of section 54 of the [1980 c. 65.] Local Government, Planning and Land Act 1980 (rate support grant).
(3)The items referred to in subsection (2) above are—
(a)the costs of administering rate rebates incurred by a rating authority during any year ;
(b)the rate fund contribution under subsection (1) above made by a local authority or the Greater London Council for any year;
(c)the costs of administering rent rebates (other than Housing Revenue Account rebates) incurred by a local - authority or the Greater London Council during any year;
(d)the rent allowances granted, and the costs of administering such allowances incurred, by a local authority during any year.
(4)In this section " rate fund contribution " means a contribution made by a local authority or the Greater London Council out of their general rate fund.
(5)This section extends to England and Wales only.
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