http://www.legislation.gov.uk/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1/1996-10-01Housing Associations Act 1985An Act to consolidate certain provisions of the Housing Acts relating to housing associations, with amendments to give effect to recommendations of the Law Commission and of the Scottish Law Commission.1985-10-30texttext/xmlenStatute Law Database2024-05-171996-10-01 SCHEDULESSCHEDULE 5 Housing Association Finance: Superseded Subsidies, Contributions and GrantsPart VI New Building Subsidy and Improvement Subsidy (s. 75 of the Housing Finance Act 1972; ss. 55 and 57 of the Housing (Financial Provisions) (Scotland) Act 1972)11The following subsidies remain payable in respect of building schemes or improvement schemes approved by the Secretary of State before 1st April 1975—anew building subsidy under section 75 of the Housing Finance Act 1972 or section 55 of the Housing (Financial Provisions) (Scotland) Act 1972, andbimprovement subsidy under section 57 of the Housing (Financial Provisions) (Scotland) Act 1972.2Payment of the 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.3The amount of the subsidy payable 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.4The subsidy is payable at such times and in such manner as the Treasury may direct, and subject to such conditions as to records, certificates, audit or otherwise as the Secretary of State may, with the approval of the Treasury, impose.1972 c. 47. 1972 c. 46.
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<Title> SCHEDULES</Title>
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<Number>SCHEDULE 5</Number>
<TitleBlock>
<Title> Housing Association Finance: Superseded Subsidies, Contributions and Grants</Title>
</TitleBlock>
<ScheduleBody>
<Part DocumentURI="http://www.legislation.gov.uk/ukpga/1985/69/schedule/5/part/VI/1996-10-01" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/69/schedule/5/part/VI" NumberOfProvisions="4" RestrictEndDate="2008-12-01" id="schedule-5-part-VI">
<Number>Part VI</Number>
<Title> New Building Subsidy and Improvement Subsidy</Title>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/1996-10-01" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972" NumberOfProvisions="4" RestrictEndDate="2008-12-01" id="schedule-5-part-VI-crossheading-s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972">
<Title> (s. 75 of the Housing Finance Act 1972; ss. 55 and 57 of the Housing (Financial Provisions) (Scotland) Act 1972)</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1/1996-10-01" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1" RestrictEndDate="2008-12-01" id="schedule-5-part-VI-crossheading-s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972_paragraph-1" shortId="schedule-5-paragraph-1">
<Pnumber>1</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1/1/1996-10-01" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1/1" id="schedule-5-part-VI-crossheading-s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972_paragraph-1-1" shortId="schedule-5-paragraph-1-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>The following subsidies remain payable in respect of building schemes or improvement schemes approved by the Secretary of State before 1st April 1975—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1/1/a/1996-10-01" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1/1/a" id="schedule-5-part-VI-crossheading-s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972_paragraph-1-1-a" shortId="schedule-5-paragraph-1-1-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>
new building subsidy under section 75 of the
<CommentaryRef Ref="c11849071"/>
Housing Finance Act 1972 or section 55 of the
<CommentaryRef Ref="c11849081"/>
Housing (Financial Provisions) (Scotland) Act 1972, and
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1/1/b/1996-10-01" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1/1/b" id="schedule-5-part-VI-crossheading-s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972_paragraph-1-1-b" shortId="schedule-5-paragraph-1-1-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>improvement subsidy under section 57 of the Housing (Financial Provisions) (Scotland) Act 1972.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1/2/1996-10-01" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1/2" id="schedule-5-part-VI-crossheading-s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972_paragraph-1-2" shortId="schedule-5-paragraph-1-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>Payment of the 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.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1/3/1996-10-01" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1/3" id="schedule-5-part-VI-crossheading-s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972_paragraph-1-3" shortId="schedule-5-paragraph-1-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>The amount of the subsidy payable 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.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1/4/1996-10-01" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/69/schedule/5/part/VI/crossheading/s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972/paragraph/1/4" id="schedule-5-part-VI-crossheading-s-75-of-the-housing-finance-act-1972-ss-55-and-57-of-the-housing-financial-provisions-scotland-act-1972_paragraph-1-4" shortId="schedule-5-paragraph-1-4">
<Pnumber>4</Pnumber>
<P2para>
<Text>The subsidy is payable at such times and in such manner as the Treasury may direct, and subject to such conditions as to records, certificates, audit or otherwise as the Secretary of State may, with the approval of the Treasury, impose.</Text>
</P2para>
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<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1972/47" id="c02401" Year="1972" Class="UnitedKingdomPublicGeneralAct" Number="47">1972 c. 47</Citation>
.
</Text>
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<Commentary id="c11849081" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1972/46" id="c02402" Year="1972" Class="UnitedKingdomPublicGeneralAct" Number="46">1972 c. 46</Citation>
.
</Text>
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