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- Original (As enacted)
This is the original version (as it was originally enacted).
(1)The Regulator may give financial or other assistance to a registered social landlord in order to—
(a)preserve its position pending the making or agreement of proposals, or
(b)facilitate implementation of agreed proposals.
(2)In order to facilitate implementation of agreed proposals, the Regulator may give financial or other assistance to—
(a)a manager appointed to implement agreed proposals,
(b)an officer of the registered social landlord.
(3)The Regulator may, in particular—
(b)arrange payment of a manager’s remuneration and expenses.
(4)But the Regulator may not—
(c)indemnify a manager or officer, or
(d)make payments, or give guarantees, connected with loans (whether secured or otherwise),
without the consent of Ministers.
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Text created by the Scottish Executive department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills
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