Housing (Consequential Provisions) Act 1985

16 (1) Section 25 of the Housing (Financial Provisions) (Scotland) Act 1968 (advances to Scottish Special Housing Association) is amended as follows.

(2) In subsection (1)(d) (advances where Association act as agent for Housing (Corporation) for "section 11(1) of the Housing Act 1964 " substitute " section 100 of the Housing Associations Act 1985. ".

(3) For subsection (4) (application of financial and accounting provisions) substitute—

“(4) The Treasury may issue to the Secretary of State out of the National Loans Fund such sums as are necessary to enable him to make advances under this section; and any sums received by the Secretary of State in repayment of such advances shall be paid into the National Loans Fund.

(4A) The Secretary of State shall—

(a) prepare in respect of each financial year an account, in such form and manner as the Treasury may direct, of sums issued to him for advances under this section, and of sums received byhimunder this section, and of the disposal by him of those sums respectively, and

(b) send it to the Comptroller and Auditor-General not later than the end of November in the following financial year;

and the Comptroller and Auditor-General shall examine, certify and report on the account and lay copies of it, together with his report, before each House of Parliament”.