The Housing (Scotland) Act 2001 (Alteration of Housing Finance Arrangements) Order 2008
Citation and commencement
1.
This Order may be cited as the Housing (Scotland) Act 2001 (Alteration of Housing Finance Arrangements) Order 2008 and comes into force on 1st April 2008.
Date of cessation of housing support grants and duty to keep housing revenue account
2.
Accounting arrangements for income and expenditure accounted for in the housing revenue account and land held on that account
3.
(1)
The income and expenditure of Inverclyde Council which would, prior to 1st April 2008, have been income and expenditure accounted for in the housing revenue account will, subject to article 4, on and after that date be paid into, or as the case may be out of, the general fund of Inverclyde Council.
(2)
4.
Inverclyde Council will, in addition, keep a separate accounting record of all buildings and land which would immediately before 1st April 2008, have been held in the housing revenue account of that local authority and any such record will record income received by Inverclyde Council for a disposal of any such building or land.
St Andrew’s House,
Edinburgh
Part V of the Housing (Scotland) Act 2001 (“the 2001 Act”) provides for a new funding regime for the strategic housing functions of local authorities. Section 94 of the 2001 Act allows Scottish Ministers by order from a specified date to remove the application of sections 191 to 193 and 203(1) of the Housing (Scotland) Act 1987 (“the 1987 Act”) in relation to specified local authorities. Sections 191 to 193 of the 1987 Act impose a duty on Scottish Ministers to provide housing revenue grant to local authorities and section 203(1) of that Act places a corresponding duty on local authorities to maintain a housing revenue account.
Article 2 provides that from 1st April 2008, sections 191 to 193 and 203(1) of the 1987 Act cease to apply to Inverclyde Council.
Article 3(1) provides that income and expenditure which would have been accounted for in the housing revenue account of Inverclyde Council, will, after 1st April 2008, be paid into the general fund.
Article 4 provides that Inverclyde Council shall keep a separate accounting record of all buildings and land held on the housing revenue account prior to 1st April 2008 and income received on disposal of any such buildings or land.