SCHEDULES

SCHEDULE 2 GRANT-AIDED LAND

Article 13(2).

1.

For the purposes of Article 13 “grant-aided land” means land—

(a)

in respect of which such payment as is specified in paragraph 2 falls to be made in respect of a period ending after 10th November 1976; or

(b)

on which is or has been secured a loan which is of a description specified in paragraph 3 and in respect of which any repayment (whether by way of principal or interest or both) falls to be made after that date.

2.

The payments referred to in paragraph 1(a) are contributions which became payable before 10th November 1976—

(a)

by way of exchequer contributions under section 1 of the Housing Act (Northern Ireland) 194542 as applied to housing associations by virtue of section 12 of the Housing and Local Government (Miscellaneous Provisions) Act (Northern Ireland) 194643;

(b)

by way of exchequer contributions under section 15 of the Housing Act (Northern Ireland) 196344 (contributions for hostels).

3.

The loans referred to in paragraph 1(b) are—

(a)

loans under section 14 of the Housing (Ireland) Act 191945, as applied to the Executive by virtue of section 3(1) of the Housing Executive Act (Northern Ireland) 197146 (powers of promoting and assisting public utility societies); and

(b)

loans under section 44 of the Housing Act (Northern Ireland) 195647 (power to make loans to certain associations).