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Housing (Financial Provisions) (Scotland) Act 1972
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51Introduction of new subsidies for housing associations
(1)The following subsidies shall be payable to housing associations in the circumstances, and subject to the conditions, set out in this Part of this Act, namely—
(a)the basic residual subsidy ;
(b)the special residual subsidy ;
(c)the new building subsidy ;
(d)the improvement subsidy.
(2)None of the subsidies may be paid for the year 1971-72, or for an earlier year.
(3)The subsidies shall be paid by the Secretary of State out of money provided by Parliament.
(4)Section 13 of this Act shall apply in relation to the payment of subsidies under this Part of this Act as it applies in relation to the payment of subsidies under Part I of this Act to a housing authority.
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