C1Part 2Regulation of Social Housing
Annotations:
Modifications etc. (not altering text)
Chapter 1Introduction
Preliminary
65I1Transfer schemes
1
The Secretary of State may make one or more schemes for the transfer of the Housing Corporation's property, rights or liabilities to—
a
the regulator,
b
the HCA, or
c
the Secretary of State.
2
On the transfer date, the designated property, rights or liabilities are transferred and vest in accordance with the scheme.
3
Schedule 6 applies to a scheme under this section.
4
In this section—
“designated”, in relation to a scheme, means specified in or determined in accordance with the scheme;
“the transfer date” means the date specified by a scheme as the date on which the scheme is to have effect.
5
Schedule 7 makes provision about the tax implications of schemes under this section (and schemes under section 51).
Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 911141517)