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49(1)The New Towns Act 1981 is amended as follows.
(2)In sections 47(6) and (7) and 50(7) (transfer of housing to district council) for " Part V of the Housing Act 1957 " substitute " Part II of the Housing Act 1985 ".
(3)In section 50(3) (financial arrangements as to transfer schemes)—
(a)for " paragraph 3(1)(a) of Schedule 1 to the Housing Finance Act 1972" substitute " item 1 in Part II of Schedule 14 to the Housing Act 1985 ";
(b)for "Part V of the Housing Act 1957" substitute " Part II of the Housing Act 1985 ".
(4)In section 57 (interpretation of Part III) in the definition or "Housing Act dwelling" for "Part V of the Housing Act 1957" substitute " Part II of the Housing Act 1985 ".
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