PART 6Further amendments relating to Parts 2 to 5

Housing Act 199629

1

The Housing Act 199646 is amended as follows.

2

In section 44(4) (proposals as to ownership and management of landlord’s land)—

a

omit the “or” at the end of paragraph (a);

b

after paragraph (a) insert—

aa

an ordinary preferential debt of the landlord is to be paid otherwise than in priority to any secondary preferential debts that the landlord may have,

c

in paragraph (b), for “his preferential debt” substitute “an ordinary preferential debt”;

d

at the end of paragraph (b), insert—

or

c

a preferential creditor is to be paid a smaller proportion of a secondary preferential debt than another preferential creditor, except with the concurrence of the creditor concerned.

e

after “references to preferential debts” insert “, ordinary preferential debts, secondary preferential debts”.