81(1)In subsection (1) of section 425 of that Act (the local contribution differential), for the words “local housing authority’s” there shall be substituted the words “ new town corporation’s ”.E+W+S
(2)In subsection (2) of that section, for the words “An authority’s” there shall be substituted the words “ A corporation’s ”, for the word “authority”, in both places where it occurs, there shall be substituted the word “ corporation ”, for the words “Housing Revenue Account” there shall be substituted the words “ housing account ” and for the words “general rate fund” there shall be substituted the words “ general revenue account ”.
(3)For subsection (4) of that section there shall be substituted the following subsection—
“(4)A determination may be made for all new town corporations or different determinations may be made for different corporations or groups of corporations.”
(4)In subsection (5) of that section, for the words “local housing authorities”, in both places where they occur, there shall be substituted the words “ new town corporations ”.
(5)In subsection (6) of that section, for the word “authorities” there shall be substituted the words “ corporations ”.