SCHEDULES
SCHEDULE 5 Housing Association Finance: Superseded Subsidies, Contributions and Grants
C1Part I Residual Subsidies: England and Wales
Annotations:
Modifications etc. (not altering text)
Administrative provisions
5
1
Payment of basic or special residual subsidy is subject to the making of a claim for the payment in such form, and containing such particulars, as the Secretary of State may from time to time determine.
2
The amount of basic or special residual subsidy payable to a housing association for a financial year shall be calculated to the nearest pound by rounding up any odd amount of 50p or more and rounding down any lesser amount.
Sch. 5 Pt. I modified by Housing Act 1988 (c. 50, SIF 61), 57(c)