Accounting arrangements for income and expenditure accounted for in the housing revenue account and land held on that account
This section has no associated Executive Note
4. The income and expenditure of any local authority mentioned in article 3 which would, prior to 1st April 2007, have been income and expenditure accounted for in the housing revenue account shall, subject to article 5, on and after that date be paid into, or as the case may be out of, the general fund of that local authority.