Government of Wales Act 1998 (c. 38)

SCHEDULES

SCHEDULE 16 U.K. Housing for Wales

Commencement Information

I1 Sch. 16 in force at 1.11.1998 by S.I. 1998/2244, art. 5

The Housing Associations Act 1985 (c.69) U.K.

37 U.K.

37 [F1 (1) Section 83 (power to guarantee loans) is amended as follows. U.K.

(2) For subsection (1) substitute—

“(1) The Relevant Authority may guarantee the repayment of the principal of, and the payment of interest on, sums borrowed by registered social landlords or unregistered self-build societies; and the Housing Corporation may guarantee the repayment of the principal of, and the payment of interest on, sums borrowed by other bodies in which it holds an interest.”

(3) After that subsection insert—

“(1A) The consent of the Secretary of State given with the approval of the Treasury is required for the giving of a guarantee by the Housing Corporation and the approval of the Treasury is required for the giving of a guarantee by the Secretary of State.”

(4) In subsection (3A), for “Housing for Wales” (in each place) substitute “ the Secretary of State (or Housing for Wales) ”.]

Textual Amendments

F1 Sch. 16 para. 37 repealed (E.W.) (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), arts. 3(2), 7, Sch. 4 (with art. 6 Sch. 3)