207The slum clearance revenue account
(1)A local authority shall keep a slum clearance revenue account for each year.
(2)That account shall include—
(a)the income and expenditure of the authority in respect of houses and other property acquired by them, or appropriated, for the purposes of Parts IV, V or VI other than houses acquired under Part IV for the purpose of bringing it or another house up to the tolerable standard; and
(b)any expenditure of the authority referred to in section 200 in respect of houses and other property which is not included in paragraph (a) together with any income related to that expenditure.
(3)Schedule 16 shall have effect in relation to the slum clearance revenue account.