The Local Government Changes for England (Capital Finance) Regulations 1995

Housing component of newly-established participant authority

24.  Where a participant authority who are a newly-established authority are required on and after the reorganisation date to keep a Housing Revenue Account, that authority shall be treated as if, on the last day of the preliminary period, they had—

(a)a housing component of nil; and

(b)a non-housing component equal to their relevant amount.