Housing (Financial Provisions) (Scotland) Act 1968

25 Advances to Scottish Special Housing Association for provision or improvement of housing accommodation

(1) The Secretary of State may make advances, of such amounts, on such terms and repayable over such periods as may be approved by the Treasury, to the Scottish Special Housing Association for the purpose of—

(a) enabling or assisting the provision or improvement of housing accommodation by the Association (whether as principals or as agents for a local authority or for any other person);

(b) meeting the whole or any part of the expenditure incurred by the Association in connection with any scheme submitted to the Secretary of State by the Association under which the Association will provide or improve housing accommodation, and as to which the Secretary of State is satisfied that the housing accommodation so provided or improved will be let or kept available for letting except at such times and in such cases as the Secretary of State may approve;

(c) assisting the Association to acquire any land compulsorily under section 175 of the principal Act;

(d) assisting the Association to act as the agents of the Housing Corporation in pursuance of section 11(1) of the [1964 c. 56.] Housing Act 1964;

(e) enabling or assisting the Association to purchase, on terms approved by the Secretary of State, all or any of the assets of any authorised society within the meaning of the [1914 c. 31.] Housing Act 1914 or any housing trust to which section 119 of the [1925 c. 15.] Housing (Scotland) Act 1925 applied:

Provided that—

(i) the aggregate amount of the advances made under this subsection, together with any advances made under section 94(1) of the [1950 c. 34.] Housing (Scotland) Act 1950, shall not exceed one hundred and forty-five million pounds or such greater sum, not exceeding one hundred and seventy million pounds, as the Secretary of State may by order specify,

(ii) the aggregate amount of the advances made under paragraph (a) of this subsection in respect of the improvement of housing accommodation shall not exceed one million pounds ;

(iii) the aggregate amount of the advances made under paragraph (b) of this subsection shall not exceed one million pounds.

(2) It shall be the duty of the Association, if they accept any advances under paragraph (b) of subsection (1) of this section in connection with a scheme, to comply with any directions which the Secretary of State may give to them with respect to the administration of the scheme and the disposal of the assets provided under the scheme.

(3) The power to make orders conferred on the Secretary of State by paragraph (i) of the proviso to subsection (1) of this section shall be exercisable by statutory instrument, and no order shall be made in the exercise of that power unless a draft of the order has been laid before the Commons House of Parliament and has been approved by a resolution of that House.

(4) Subsections (5) to (7) of section 23 of this Act shall apply in relation to advances made under this section and sums received in repayment thereof as they apply in relation to advances made under that section and sums received in repayment thereof.

(5) In this section—

(a) references to the provision of housing accommodation are references to the provision of housing accommodation whether by building new houses or by the acquisition of houses; and

(b) references to the improvement of housing accommodation are references to the improvement of housing accommodation—

(i) by the provision of dwellings by means of the conversion of houses or other buildings, or

(ii) by the improvement of dwellings.

(6) Section 12(2) of this Act shall apply to references in this section to houses as it applies to such references in sections 1 to 12 of this Act.