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Housing and Planning Act 2016
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Housing and Planning Act 2016, Section 113 is up to date with all changes known to be in force on or before 24 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Section 113:
- s. 95(1)(ia) inserted by 2023 c. 36 Sch. 1 para. 2
- s. 100(7)(aa) inserted by 2023 c. 36 Sch. 1 para. 3
- s. 172(1)(a) words renumbered as s. 172(1)(a) by 2017 c. 20 s. 26(8)(a)(i)
- s. 172(1)(b) inserted by 2017 c. 20 s. 26(8)(a)(ii)
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 95(1)(ia) inserted by 2023 c. 36 Sch. 1 para. 2
- s. 100(7)(aa) inserted by 2023 c. 36 Sch. 1 para. 3
- s. 172(1)(a) words renumbered as s. 172(1)(a) by 2017 c. 20 s. 26(8)(a)(i)
- s. 172(1)(b) inserted by 2017 c. 20 s. 26(8)(a)(ii)
113Guarantees: repayment by registered provider etcU.K.
This section has no associated Explanatory Notes
(1)This section applies where a sum is paid out by the Secretary of State under a guarantee given by the Secretary of State under section 112 in relation to a registered provider.
(2)The registered provider must pay the Secretary of State—
(a)such amounts in or towards the repayment to the Secretary of State of that sum as the Secretary of State may direct, and
(b)interest on amounts outstanding under this subsection at such rates as the Secretary of State may direct.
(3)The payments must be made by the registered provider at such times, and in such manner, as the Secretary of State may from time to time direct.
(4)The Secretary of State must lay before Parliament a statement, relating to the sum paid out under the guarantee—
(a)as soon as practicable after the end of the financial year in which the sum is paid out, and
(b)as soon as practicable after the end of each subsequent financial year in relation to which the repayment condition has not been met.
(5)The repayment condition is met in relation to a financial year if—
(a)the whole of the sum has been repaid to the Secretary of State before the beginning of the year, and
(b)the registered provider was not at any time during the year liable to pay interest on amounts that became due in respect of the sum.
Commencement Information
I1S. 113 in force at 5.7.2018 by S.I. 2018/805, reg. 3(a)
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