1.—(1) This Order may be cited as the Housing (Right to Acquire) (Discount) Order 2001 and shall come into force on 18th May 2001.
(2) In this Order “area” means “county” or “district” as defined by section 270 of the Local Government Act 1972(1), a London borough or the City of London.
2.—(1) Subject to paragraph (2), in relation to a dwelling in an area specified in Column 1 of the Schedule to this Order, the sum specified in Column 2 of that Schedule is the specified amount of discount for the purposes of section 17(1)(a) of the Housing Act 1996 (the right to acquire).
(2) Where the amount of discount under paragraph (1) is greater than 50% of the value of the dwelling at the relevant time determined in accordance with section 127 of the Housing Act 1985(2), as it applies by virtue of regulation 2(1) of the Housing (Right to Acquire) Regulations 1997(3), the amount of discount shall be 50% of the value so determined of the dwelling.
3. The Housing (Right to Acquire) (Discount) Order 2000(4) is hereby revoked.
4. Articles 1 to 3 of this Order do not apply in a case where a notice has been served claiming to exercise the right to acquire before this Order comes into force.
Signed by authority of the Secretary of State for the Environment, Transport and the Regions
Nick Raynsford
Minister of State,
Department of the Environment, Transport and the Regions
19th April 2001