79 Housing Revenue Account subsidy.E+W
(1)Housing Revenue Account subsidy shall be payable for each year to local housing authorities.
(2)[F1Housing Revenue Account subsidy shall be paid by the Secretary of State at such times, in such manner and subject to such conditions as to records,certificates, audit or otherwise as he may, with the agreement of theTreasury, determine.]
[F1Housing Revenue Account subsidy shall be paid by the appropriate person—
(a)in such instalments, at such times and in such manner, and
(b)subject to such conditions as to claims, records, certificates, supply of Housing Revenue Account business plans, audit or otherwise,
as the appropriate person may determine.]
(3)Sections 421 to 427A of the M1Housing Act 1985 (which are superseded, in their application to local housing authorities, by this section and sections 80 and 86 below) shall cease to apply in relation to such authorities.
Textual Amendments
F1S. 79(2) substituted (18.11.2003 for E. and 27.11.2003 for W. for the purpose of and in relation to financial years beginning on or after 1.4.2004) by Local Government Act 2003 (c. 26), ss. 89(1), 128(6); S.I. 2003/2938, art. 3(a) (with art. 8, Sch.); S.I. 2003/3034, art. 2, Sch. 1 Pt. I
Marginal Citations