Housing (Financial Provisions) (Scotland) Act 1972

2 Subject to paragraph 3 of this Schedule, for each year a local authority shall debit to the housing revenue account amounts equal to—

(a) the loan charges which the local authority are liable to pay for that year in respect of money borrowed by a local authority for the purpose of—

(i) the provision by them after 12th February 1919 of housing accommodation under the enactments referred to in section 23(1)(a) of this Act,

(ii) the execution of works in respect of which the Secretary of State has made an exchequer contribution under section 35 of the [1935 c. 41.] Housing (Scotland) Act 1935,

(iii) the provision or improvement by them of dwellings in accordance with improvement proposals approved by the Secretary of State under section 2 of the [1949 c. 61.] Housing (Scotland) Act 1949 or under section 105 of the [1950 c. 34.] Housing (Scotland) Act 1950 or under section 13 of the Act of 1968,

(iv) meeting expenditure on the repair of houses and other property to which the account relates including any deficit referred to in paragraph 2(2) of Schedule 10 to this Act,

(v) the improvement of amenities of residential areas under section 58 of the Act of 1969 on land to which the account relates:

Provided that a local authority may, with the approval of the Secretary of State, debit to the account any payments, of which the amount and the period over which they are payable have been approved by him, to meet outstanding capital debt in respect of any house to which the account relates and which is demolished after the coming into force of this Act;

(b) the taxes, feuduties, rents and other charges which the local authority are liable to pay for that year in respect of houses and other property to which the account relates ;

(c) the expenditure incurred by the local authority for that year in respect of the repair, maintenance, supervision and management of houses and other property to which the account relates, other than the expenditure incurred by them in the administration of a rent rebate scheme ;

(d) the arrears of rent which have been written off in that year as irrecoverable, and the income receivable from any houses to which the account relates during any period in that year when they were not let;

(e) any payments made by the local authority to another local authority or a development corporation in pursuance of any overspill agreement, being payments towards expenditure which, if it had been incurred by the first-mentioned authority, would have been debited by them to their housing revenue account in pursuance of this paragraph ;

(f) any amount repaid to the general rate fund in that year under paragraph 1(5) above ;

(g) such other expenditure incurred by the local authority as the Secretary of State directs shall be debited to the housing revenue account.