56Tenant management agreements: further provision
(1)An agreement under section 55 may be made in relation to—
(a)all or any part of the landlord’s housing functions,
(b)all or any part of the houses held by the landlord for the purposes of those functions.
(2)In that section and this section, references to the landlord’s housing functions are—
(a)in relation to a local authority landlord, references to the functions of the landlord—
(i)relating to land or any interest in land held by it for the purposes of Part I of the 1987 Act,
(ii)under sections 4 and 5 (power to provide furniture, board and laundry facilities) of that Act, in connection with any such land or interest,
(b)in relation to a registered social landlord, references to its housing activities within the meaning of section 83(3),
(c)in relation to a water authority or a sewerage authority, references to its functions in relation to the provision and management of houses.
(3)An agreement under section 55 between a tenant management co-operative and a local authority landlord may, without prejudice to any other enactment, include terms providing for the letting of land to the co-operative by the landlord for a period not exceeding 20 years.
(4)A local authority must continue to include in its housing revenue account houses on land included in an agreement under that section between a tenant management co-operative and a local authority landlord; and neither the making of the agreement nor any letting of land in pursuance of it is to be treated as a ground for the reduction, suspension or discontinuance of any Exchequer contribution or subsidy under section 202 of the 1987 Act.
(5)In subsection (4), “Exchequer contribution” has the meaning given in section 338(1) of the 1987 Act.