Housing and Planning Act 2016

24 U.K. Paragraph 99 (charges and liabilities upon vacation of office by administrator) is to have effect as if—

(a) in sub-paragraph (4), for the words from the beginning to “cessation”, in the first place, there were substituted “ A sum falling within sub-paragraph (4A) ”,

(b) after that sub-paragraph there were inserted—

“(4A) A sum falls within this sub-paragraph if it is—

(a) a sum payable in respect of a debt or other liability arising out of a contract that was entered into before cessation by the former housing administrator or a predecessor,

(b) a sum that must be repaid by the company in respect of a grant that was made under section 109 of the Housing and Planning Act 2016 before cessation,

(c) a sum that must be repaid by the company in respect of a loan made under that section before cessation or that must be paid by the company in respect of interest payable on such a loan,

(d) a sum payable by the company under section 111 of that Act in respect of an agreement to indemnify made before cessation, or

(e) a sum payable by the company under section 113 of that Act in respect of a guarantee given before cessation.”, and”

(c) in sub-paragraph (5), for “(4)” there were substituted “ (4A)(a) ”.

Commencement Information

I1 Sch. 5 para. 24 in force at 5.7.2018 by S.I. 2018/805, reg. 3(b)