C2C3Part I Social Rented Sector

Annotations:
Modifications etc. (not altering text)
C2

Part I (ss. 1-64) amended (1.10.1996) by S.I. 1996/2325, art.3

C3

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.)

Chapter III Grants and other financial matters

Treatment of disposal proceeds

I1C125 Application or appropriation of disposal proceeds.

1

The sums standing in the disposal proceeds account of a registered social landlord (“disposal proceeds”) may only be applied or appropriated by it for such purposes and in such manner as the F1Relevant Authority may determine.

2

If any disposal proceeds are not applied or appropriated as mentioned in subsection (1) within such time as is specified by determination of the F1Relevant Authority, the F1Relevant Authority may direct that the whole or part of them shall be paid to it.