No versions valid at: 23/09/2016
Point in time view as at 23/09/2016. This version of this provision is not valid for this point in time.
Housing and Planning Act 2016, Section 112 is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Valid from 05/07/2018
(1)If a housing administration order has been made in relation to a registered provider the Secretary of State may guarantee—
(a)the repayment of any sum borrowed by the registered provider while that order is in force,
(b)the payment of interest on any sum borrowed by the registered provider while that order is in force, and
(c)the discharge of any other financial obligation of the registered provider in connection with the borrowing of any sum while that order is in force.
(2)The Secretary of State may give the guarantees in whatever manner, and on whatever terms, the Secretary of State considers appropriate.
(3)As soon as practicable after giving a guarantee under this section, the Secretary of State must lay a statement of the guarantee before Parliament.
(4)For repayment of sums paid by the Secretary of State under a guarantee given under this section, see section 113.
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