Welsh Statutory Instruments
HOUSING, WALES
Made
19th March 2003
Coming into force
2nd April 2003
1.—(1) The name of this Order is the Housing (Right to Buy) (Limits of Discount) (Amendment) (Wales) Order 2003 and it comes into force on 2nd April 2003.
(2) This Order applies to Wales only.
2. In this Order a reference to the “Principal Order” is a reference to the Housing (Right to Buy)(Limits on Discount)(Wales) Order 1999(3).
3. In article 3 (Maximum discounts) of the Principal Order the figure “£24,000” is replaced with the figure “£16,000”.
Signed on behalf of the National Assembly for Wales under section 66(1) of the Government of Wales Act 1998(4)
D.Elis-Thomas
The Presiding Officer of the National Assembly
19th March 2003
(This note is not part of the Order)
A person exercising the right to buy a dwelling-house in Wales under Part V of the Housing Act 1985 (“the Act”) may be entitled, under sections 129 to 131 of and Schedule 4 to the Act, to a discount equal to a percentage of the price before discount.
Section 131 of the Act provides limits upon the amount of discount to which the proposed purchaser is entitled and section 131(2) empowers the Secretary of State to make an Order prescribing the maximum sum by which the price payable for a dwelling house under the right to buy scheme may be reduced by discount. The powers given to the Secretary of State by section 131 of the Act are now vested in the National Assembly for Wales so far as exercisable in Wales.
Under section 131(2), the Secretary of State made the Housing (Right to Buy) (Limits on Discount) (Wales) Order 1999 (“the Principal Order”) which prescribed, amongst other matters, that this maximum discount was £24,000. This Order amends the Principal Order by providing that the maximum discount available is £16,000.