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Changes over time for: Section 423
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Timeline of Changes
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Status:
Point in time view as at 09/02/2017.
Changes to legislation:
Housing Act 1985, Section 423 is up to date with all changes known to be in force on or before 27 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 to Legislation
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423The base amount.E+W
(1)A [[development] corporation’s] base amount for a year of account is, subject to any adjustment under subsection (2), the amount calculated for the preceding year under section 422, that is to say, the amount of the housing subsidy payable to the [corporation] for that year or, if none was payable, nil or a negative amount, as the case may be.
(2)If the Secretary of State is of opinion that particular circumstances require it, he may adjust the base amount for amy year by increasing or decreasing it, either generally or in relation to . . . any particular [corporation] .
Textual Amendments
Modifications etc. (not altering text)
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