Housing Revenue Account subsidy
131Abolition of Housing Revenue Account subsidy
(1)This section provides for the abolition of the subsidy payable in relation to the Housing Revenue Accounts of local housing authorities under the Local Government and Housing Act 1989.
(2)That Act is amended as follows.
(3)In Part 6 (Housing Finance)—
(a)omit section 79 (Housing Revenue Account subsidy);
(b)omit section 80 (calculation of Housing Revenue Account subsidy);
(c)omit section 80ZA (negative amounts of subsidy payable to appropriate person);
(d)omit section 80A (final decision on amount of Housing Revenue Account subsidy);
(e)omit section 80B (agreements to exclude certain authorities or property);
(f)omit section 85 (power to obtain information);
(g)omit section 86 (recoupment of subsidy in certain cases).
(4)In Schedule 4 (the keeping of the Housing Revenue Account)—
(a)in Part 1 (credits to the Account), omit Item 3 (Housing Revenue Account subsidy);
(b)in Part 2 (debits to the Account), omit Item 5 (sums payable under section 80ZA);
(c)in Part 3 (special cases), omit paragraph 2 (credit balance where no HRA subsidy payable) and the heading immediately before it.