SCHEDULES

SCHEDULE 7Minor and consequential amendments

Local Government and Housing Act 1989 (c. 42)

I133

1

Schedule 4 (keeping of the Housing Revenue Account) is amended as follows.

I42

In Part 1 (credits to the Account), item 5 (housing benefit transfers) is omitted.

I2I33

In that Part, for item 9 (sums directed by Secretary of State) there is substituted—

Item 9: sums directed by Secretary of State or National Assembly for Wales

Any sums which for the year the authority is required, by reason of a direction given by the appropriate person, to carry to the credit of the account from some other revenue account of theirs.

A direction under this item may require the transfer of sums calculated in accordance with formulae specified in the direction, and any formula so specified may include variables framed (in whatever way the appropriate person considers appropriate) by reference to such matters as the appropriate person thinks fit.

I44

In Part 2 (debits to the Account), item 4 (rent rebates) is omitted.

I2I35

In that Part, after item 9 there is inserted—

Item 10: sums directed by Secretary of State or National Assembly for Wales

Any sums which for the year the authority is required, by reason of a direction given by the appropriate person, to carry from the account to the credit of some other revenue account of theirs.

A direction under this item may require the transfer of sums calculated in accordance with formulae specified in the direction, and any formula so specified may include variables framed (in whatever way the appropriate person considers appropriate) by reference to such matters as the appropriate person thinks fit.

In giving a direction under this item, the appropriate person may (in particular) take into account the effect of such a direction on—

a

other revenue accounts in the authority’s relevant fund,

b

the amounts of council tax falling to be set by the authority under section 30 of the Local Government Finance Act 1992, and

c

the authority’s budget requirement under section 32(4) of that Act.

In this item the reference to the authority’s “relevant fund” is—

a

in relation to England, to the authority’s general fund within the meaning of section 91(2) of the Local Government Finance Act 1988, and

b

in relation to Wales, to the authority’s council fund within the meaning of section 38(1) of the Local Government (Wales) Act 1994.