Part 1The Homes and Communities Agency
Chapter 3Financial provision
Other
I124Power to charge for certain activities
1
The HCA may impose charges for, or in connection with, anything done by it by virtue of section 38, 39 or 45.
2
Any such charges must be of such amounts as the HCA considers to be reasonable.
I225Directions as to surplus funds
1
Subsection (2) applies if the Secretary of State considers that the HCA or any subsidiary of the HCA has a surplus, whether on capital or on revenue account, after making allowance by way of transfer to reserve or otherwise for its future requirements.
2
The Secretary of State may give a direction to the HCA to pay to the Secretary of State such sum not exceeding the amount of the surplus as may be specified in the direction.
3
The Secretary of State must consult the HCA before coming to a decision of the kind mentioned in subsection (1) or giving a direction as mentioned in subsection (2).
4
The Secretary of State may decide to treat the whole or part of any payment under subsection (2) as made—
a
by way of repayment of such part of the principal of loans under section 21(1), and
b
in respect of the repayments due at such times,
as the Secretary of State may decide.
I326Duty to act as agent in respect of regeneration and development
1
The Secretary of State may appoint the HCA to act as the agent of the Secretary of State in connection with such financial assistance functions as the Secretary of State may specify.
2
In subsection (1) “financial assistance functions” means, so far as exercisable in relation to England F1outside Greater London, functions under sections 126 to 128 of the Housing Grants, Construction and Regeneration Act 1996 (c. 53) (financial assistance for regeneration and development).
3
An appointment under this section is to be on such terms as the Secretary of State may specify.
4
The HCA must, if appointed, act as agent in accordance with the terms of its appointment.
I427Duty to act as agent in respect of derelict land etc.
1
The Secretary of State may appoint the HCA to act as the agent of the Secretary of State in connection with such derelict land functions as the Secretary of State may specify.
2
In subsection (1) “derelict land functions” means functions under—
a
section 1 of the Derelict Land Act 1982 (c. 42) (grants for reclaiming or improving land or bringing land into use), or
b
any enactment superseded by that section,
but excluding the powers to make orders under section 1(5) and (7) of that Act.
3
An appointment under this section is to be on such terms as the Secretary of State may specify.
4
The HCA must, if appointed, act as agent in accordance with the terms of its appointment.