C1Part I Social rented sector
Chapter III Grants and other financial matters
Grants, &c. under earlier enactments
I128 Grants under ss.50 to 55 of the Housing Act 1988.
1
No application for a grant under section 50 of the M1Housing Act 1988 (housing association grant) may be made after the commencement of this subsection.
2
No application for a grant under section 51 of that Act (revenue deficit grant) may be made after the commencement of this subsection except by an association which had such a deficit as is mentioned in that section for any of the years beginning 1st April 1994, 1st April 1995 or 1st April 1996.
C23
Section 52 of that Act (recovery, &c. of grants) is amended as follows—
a
in subsection (2)(c), for “to pay to it” substitute “
to apply or appropriate for such purposes as the Corporation may specify, or to pay to the Corporation,
”
;
b
in the closing words of subsection (2), for the words from “requiring” to “interest on that amount” substitute “
may require the application, appropriation or payment of an amount with interest
”
;
c
in subsection (7), for the words from “requiring” to “to the Corporation” substitute “
requiring the application, appropriation or payment of an amount with interest
”
;
d
in subsection (8)(a), for the words from “the amount” to “is paid” substitute “
the principal amount is applied, appropriated or paid
”
;
e
in subsection (8)(b), for “that amount is so paid” substitute “
the principal amount is so applied, appropriated or paid
”
.
4
In section 53 of that Act (determinations by Corporation), for subsection (2) (requirement of approval of Secretary of State and, in the case of a general determination, consent of the Treasury) substitute—
2
The Corporation shall not make a general determination under the foregoing provisions of this Part except with the approval of the Secretary of State.
5
In section 55(1) of that Act (surplus rental income: cases in which section applies), omit paragraph (a).
6
Any reference in sections 50 to 55 of that Act to registration as a housing association shall be construed after the commencement of section 1 of this Act (the register of social landlords) as a reference to registration as a social landlord.
Part I (ss. 1-64) amended (1.10.1996) by S.I. 1996/2325, art.3