Recovery, &c. of social housing grantsE+W
Modifications etc. (not altering text)
C1Pt. 1: The system of "registered social landlords" under this Part is replaced (8.9.2008 for specified purposes and 1.12.2008, 16.2.2009, 1.4.2009, 7.9.2009 and 1.4.2010 for further purposes) by Housing and Regeneration Act 2008 (c. 17), Pt. 2. This Part continues to apply in relation to Wales with certain provisions applied in relation to England and certain provisions preserved although they apply to England only, see s. 60 of the affecting Act; S.I. 2008/2358, art. 3; S.I. 2008/3068, art. 3 (with arts. 6-13); S.I. 2009/363, art. 2; S.I. 2009/803, art. 7; S.I. 2009/2096, art. 2(1); S.I. 2010/862, art. 2 (with Sch.)
27 Recovery, &c. of social housing grants.E+W
(1)Where a registered social landlord has received a grant under section 18 (social housing grant), the following powers are exercisable in such events as [F1the Welsh Ministers] may from time to time determine.
(2)The [F2Relevant Authority] may, acting in accordance with such principles as it has determined—
(a)reduce any grant payable by it, or suspend or cancel any instalment of any such grant, or
(b)direct the registered social landlord to apply or appropriate for such purposes as [F1the Welsh Ministers] may specify, or to pay to [F1the Welsh Ministers], such amount as [F1the Welsh Ministers] may specify.
(3)A direction by [F1the Welsh Ministers] under subsection (2)(b) may require the application, appropriation or payment of an amount with interest.
(4)Any such direction shall specify—
(a)the rate or rates of interest (whether fixed or variable) which is or are applicable,
(b)the date from which interest is payable, and
(c)any provision for suspended or reduced interest which is applicable.
The date from which interest is payable must not be earlier than the date of the event giving rise to the exercise of [F1the Welsh Ministers] powers under this section.
(5)In subsection (4)(c)—
(a)provision for suspended interest means provision to the effect that if the principal amount is applied, appropriated or paid before a date specified in the direction, no interest will be payable for any period after the date of the direction; and
(b)provision for reduced interest means provision to the effect that if the principal amount is so applied, appropriated or paid, any interest payable will be payable at a rate or rates lower than the rate or rates which would otherwise be applicable.
(6)Where—
(a)a registered social landlord has received a payment in respect of a grant under section 18, and
(b)at any time property to which the grant relates becomes vested in, or is leased for a term of years to, or reverts to, some other registered social landlord,
this section (including this subsection) shall have effect in relation to periods after that time as if the grant, or such proportion of it as may be determined by [F1the Welsh Ministers] to be appropriate, had been made to that other registered social landlord.
(7)The matters specified in a direction under subsection (4)(a) to (c), and the proportion mentioned in subsection (6), shall be—
(a)such as [F1the Welsh Ministers], acting in accordance with such principles as it may from time to time determine, may specify as being appropriate, or
(b)such as [F1the Welsh Ministers] may determine to be appropriate in the particular case.
Textual Amendments
F1Words in Pt. I substituted (1.4.2010) by Housing and Regeneration Act 2008 (c. 17), ss. 61(7), 325(1); S.I. 2010/862, art. 2 (with Sch.)
F2Words in Pt. I substituted (1.11.1998) by 1998 c. 38, s. 140, Sch. 16 para. 82(1)(2) (with ss. 139(2), 141(1), 143(2)); S.I. 1998/2244, art.5.
Modifications etc. (not altering text)
C2S. 27 extended (16.9.1996) by S.I. 1996/2402, art. 3, Sch. para. 1
C3S. 27: transfer of functions (1.12.2008) by The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839), arts. 1(1), 2
C4S. 27 modified (1.12.2008) by The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839), arts. 1(1), 3, Sch. para. 5 (with art. 6)
C5S. 27 excluded (1.4.2010) by Housing and Regeneration Act 2008 (c. 17), ss. 177(8), 325(1) (with s. 189); S.I. 2010/862, art. 2 (with Sch.)
Commencement Information
I1S. 27 wholly in force 1.4.1997: s. 27 not in force at Royal Assent, see s. 232(1)-(3); s. 27 in force for certain purposes at 1.10.1996 by S.I. 1996/2402, art. 4 and s. 27 in force at 1.4.1997 to the extent it is not already in force by S.I. 1997/618, art. 2