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Housing Associations Act 1985
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83 Power to guarantee loans.E+W+S
[F1(1)The Welsh Ministers 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.
(2)A guarantee may be subject to terms and conditions.]
[F2(3A)The aggregate amount outstanding in respect of—
(a)loans for [F3which the Welsh Ministers (or National Assembly for Wales, Secretary of State or Housing for Wales) have] given a guarantee under this section, and
(b)payments made [F4by the Welsh Ministers (or National Assembly for Wales, Secretary of State or Housing for Wales) in] meeting an obligation arising by virtue of such a guarantee and not repaid [F5to the Welsh Ministers (or National Assembly for Wales, Secretary of State or Housing for Wales)],
shall not exceed £30 million or such greater sum not exceeding £50 million [F6as the Welsh Ministers may specify by order].]
[F7(4)An order under subsection (3A)—
(a)shall be made by statutory instrument, and
(b)shall not be made unless, a draft of the order has been laid before, and approved by a resolution of, the National Assembly for Wales.]
Textual Amendments
F1S. 83(1)(2) substituted for s. 83(1)-(3) (E.W.) (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 54(2) (with art. 6, Sch. 3)
F2S. 83(3A) inserted by Housing Act 1988 (c. 50, SIF 61), s. 59(2)(3)(4), Sch. 6 Pt. III para. 34(2)
F3Words in s. 83(3A)(a) substituted (E.W.) (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 54(3)(a) (with art. 6, Sch. 3)
F4Words in s. 83(3A)(b) substituted (E.W.) (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 54(3)(b)(i) (with art. 6, Sch. 3)
F5Words in s. 83(3A)(b) substituted (E.W.) (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 54(3)(b)(ii) (with art. 6, Sch. 3)
F6Words in s. 83(3A) substituted (E.W.) (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 54(3)(c) (with art. 6, Sch. 3)
F7S. 83(4) substituted (E.W.) (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 54(4) (with art. 6, Sch. 3)
Modifications etc. (not altering text)
C1S. 83 modified (E.W.) (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. 3 (with art. 6) (see S.I. 2008/3068, art. 2(1)(b))
C2S. 83: transfer of functions (E.W.) (1.12.2008 for specified purposes) by The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839), arts. 1(1), 2 (see S.I. 2008/3068, art. 2(1)(b))
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