C2C5Part IF2Social Rented Sector F4regulated by the Welsh Ministers
Words in Pt. I title substituted (18.10.2011) by Housing (Wales) Measure 2011 (nawm 5), s. 90(2), Sch. para. 2; S.I. 2011/2475, arts. 1(2), 2(u)
Part I (ss. 1-64) amended (1.10.1996) by S.I. 1996/2325, art.3
Pt. 1: The system of "registered social landlords" under this Part is replaced (8.9.2008 for specified purposes and 1.12.2008, 16.2.2009, 1.4.2009, 7.9.2009 and 1.4.2010 for further purposes) by Housing and Regeneration Act 2008 (c. 17), Pt. 2. This Part continues to apply in relation to Wales with certain provisions applied in relation to England and certain provisions preserved although they apply to England only, see s. 60 of the affecting Act; S.I. 2008/2358, art. 3; S.I. 2008/3068, art. 3 (with arts. 6-13); S.I. 2009/363, art. 2; S.I. 2009/803, art. 7; S.I. 2009/2096, art. 2(1); S.I. 2010/862, art. 2 (with Sch.)
C5Chapter III Grants and other financial matters
C5 Recovery, &c. of social housing grants
C5I1C1C3C4C627 Recovery, &c. of social housing grants.
1
Where a registered social landlord has received a grant under section 18 (social housing grant), the following powers are exercisable in such events as F3the Welsh Ministers may from time to time determine.
2
The F1Relevant Authority may, acting in accordance with such principles as it has determined—
a
reduce any grant payable by it, or suspend or cancel any instalment of any such grant, or
3
A direction by F3the Welsh Ministers under subsection (2)(b) may require the application, appropriation or payment of an amount with interest.
4
Any such direction shall specify—
a
the rate or rates of interest (whether fixed or variable) which is or are applicable,
b
the date from which interest is payable, and
c
any provision for suspended or reduced interest which is applicable.
The date from which interest is payable must not be earlier than the date of the event giving rise to the exercise of F3the Welsh Ministers powers under this section.
5
In subsection (4)(c)—
a
provision for suspended interest means provision to the effect that if the principal amount is applied, appropriated or paid before a date specified in the direction, no interest will be payable for any period after the date of the direction; and
b
provision for reduced interest means provision to the effect that if the principal amount is so applied, appropriated or paid, any interest payable will be payable at a rate or rates lower than the rate or rates which would otherwise be applicable.
6
Where—
a
a registered social landlord has received a payment in respect of a grant under section 18, and
b
at any time property to which the grant relates becomes vested in, or is leased for a term of years to, or reverts to, some other registered social landlord,
this section (including this subsection) shall have effect in relation to periods after that time as if the grant, or such proportion of it as may be determined by F3the Welsh Ministers to be appropriate, had been made to that other registered social landlord.
7
The matters specified in a direction under subsection (4)(a) to (c), and the proportion mentioned in subsection (6), shall be—
a
such as F3the Welsh Ministers, acting in accordance with such principles as it may from time to time determine, may specify as being appropriate, or
b
such as F3the Welsh Ministers may determine to be appropriate in the particular case.
Pt. I title substituted (1.4.2010) by Housing and Regeneration Act 2008 (c. 17), ss. 61(1), 325(1); S.I. 2010/862, art. 2 (with Sch.)