This is the original version (as it was originally enacted).
(1)The Welsh Ministers may make a determination providing for the calculation of the amount of a payment in relation to each local housing authority that keeps a Housing Revenue Account.
(2)A payment of the type mentioned in subsection (1) is referred to in this Part as a “settlement payment”.
(3)A determination under this section may provide for all or part of the amount to be calculated in accordance with a formula or formulae.
(4)In determining a formula for this purpose, the Welsh Ministers may include variables framed by reference to such matters as they consider appropriate.
(5)A determination under this section may provide that the effect of the calculation in relation to a local housing authority is that—
(a)a settlement payment must be made by the Welsh Ministers to the local housing authority,
(b)a settlement payment must be made by the local housing authority to the Welsh Ministers, or
(c)the amount of a settlement payment in relation to that authority is nil.
(6)Subsections (3), (4) and (5) do not limit the generality of the power conferred by subsection (1).
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