SCHEDULE 1Consequential provisions

Housing Associations Act 19856

1

Section 84 (agreements to indemnify certain lenders: England and Wales) is amended as follows.

2

For “Relevant Authority”, wherever appearing, substitute “Welsh Ministers”.

3

In subsection (1), for “binds itself” substitute “bind themselves”.

4

In subsection (3)(b) for “is” substitute “are”.

5

Omit subsection (4).

6

In subsection (5)—

a

for the words from the beginning to “he has not” substitute “The Welsh Ministers shall, before entering into an agreement in a form about which they have not”, and

b

in paragraphs (a) and (b) for “he thinks” substitute “they think”.

7

For the heading substitute “Agreements to indemnify certain lenders”.