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).