- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/10/1996)
- Gwreiddiol (Fel y'i Deddfwyd)
Housing Associations Act 1985
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Changes over time for: Section 83
Version Superseded: 01/11/1998
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Point in time view as at 01/10/1996. There are multiple versions of this provision on screen. These apply to different geographical extents. This version of this provision has been superseded.
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There are currently no known outstanding effects for the Housing Associations Act 1985, Section 83.
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83 Power to guarantee loans.E+W
(1)The Corporation may, with the consent of the Secretary of State given with the approval of the Treasury, guarantee the repayment of the principal of, and the payment of interest on, sums borrowed by—
[F1registered social landlords],
unregistered self-build societies, or
other bodies in which the Corporation holds an interest.
(2)Where the Corporation gives such a guarantee, it may impose such terms and conditions as it thinks fit.
(3)The aggregate amount outstanding in respect of—
(a)loans for which [F2the Housing Corporation] has given a guarantee under this section, and
(b)payments made by [F2the Housing Corporation] in meeting an obligation arising by virtue of such a guarantee and not repaid to [F2the Housing Corporation],
shall not exceed £300 million or such greater sum not exceeding £500 million as the Secretary of State may specify by order made with the approval of the Treasury.
[F3(3A)The aggregate amount outstanding in respect of—
(a)loans for which Housing for Wales has given a guarantee under this section, and
(b)payments made by Housing for Wales in meeting an obligation arising by virtue of such a guarantee and not repaid to Housing for Wales,
shall not exceed £30 million or such greater sum not exceeding £50 million as the Secretary of State may specify by order made with the approval of the Treasury]
(4)An order under subsection (3) [F4or subsection (3A)] shall be made by statutory instrument and no such order shall be made unless a draft of it has been laid before and approved by the House of Commons.
Extent Information
E1This version of this provision extends to England and Wales only; a separate version has been created for Scotland only
Textual Amendments
F1Words in s. 83(1)(a) substituted (1.10.1996) by S.I. 1996/2325, art. 5(1), Sch. 2 para. 15(29)
F2Words substituted by Housing Act 1988 (c. 50, SIF 61), s. 59(2)(3)(4), Sch. 6 Pt. III para. 34(1)
F3S. 83(3A) inserted by Housing Act 1988 (c. 50, SIF 61), s. 59(2)(3)(4), Sch. 6 Pt. III para. 34(2)
F4Words inserted by Housing Act 1988 (c. 50, SIF 61), s. 59(2)(3)(4), Sch. 6 Pt. III para. 34(3)
83 Power to guarantee loans.S
(1)The Corporation may, with the consent of the Secretary of State given with the approval of the Treasury, guarantee the repayment of the principal of, and the payment of interest on, sums borrowed by—
registered housing associations,
unregistered self-build societies, or
other bodies in which the Corporation holds an interest.
(2)Where the Corporation gives such a guarantee, it may impose such terms and conditions as it thinks fit.
(3)The aggregate amount outstanding in respect of—
(a)loans for which [F5the Housing Corporation] has given a guarantee under this section, and
(b)payments made by [F5the Housing Corporation] in meeting an obligation arising by virtue of such a guarantee and not repaid to [F5the Housing Corporation],
shall not exceed £300 million or such greater sum not exceeding £500 million as the Secretary of State may specify by order made with the approval of the Treasury.
[F6(3A)The aggregate amount outstanding in respect of—
(a)loans for which Housing for Wales has given a guarantee under this section, and
(b)payments made by Housing for Wales in meeting an obligation arising by virtue of such a guarantee and not repaid to Housing for Wales,
shall not exceed £30 million or such greater sum not exceeding £50 million as the Secretary of State may specify by order made with the approval of the Treasury]
(4)An order under subsection (3) [F7or subsection (3A)] shall be made by statutory instrument and no such order shall be made unless a draft of it has been laid before and approved by the House of Commons.
Extent Information
E2This version of this provision extends to Scotland only; a separate version has been created for England and Wales only
Textual Amendments
F5Words substituted by Housing Act 1988 (c. 50, SIF 61), s. 59(2)(3)(4), Sch. 6 Pt. III para. 34(1)
F6S. 83(3A) inserted by Housing Act 1988 (c. 50, SIF 61), s. 59(2)(3)(4), Sch. 6 Pt. III para. 34(2)
F7Words inserted by Housing Act 1988 (c. 50, SIF 61), s. 59(2)(3)(4), Sch. 6 Pt. III para. 34(3)
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