The Housing (Scotland) Act 2001 (Alteration of Housing Finance Arrangements) Order 2008

Citation and commencement

1.  This Order may be cited as the Housing (Scotland) Act 2001 (Alteration of Housing Finance Arrangements) Order 2008 and comes into force on 1st April 2008.

Date of cessation of housing support grants and duty to keep housing revenue account

2.  1st April 2008 is the date on which sections 191 to 193 (housing support grants) and section 203(1) (duty to keep housing revenue account) of the Housing (Scotland) Act 1987(1) cease to apply in relation to Inverclyde Council.

Accounting arrangements for income and expenditure accounted for in the housing revenue account and land held on that account

3.—(1) The income and expenditure of Inverclyde Council which would, prior to 1st April 2008, have been income and expenditure accounted for in the housing revenue account will, subject to article 4, on and after that date be paid into, or as the case may be out of, the general fund of Inverclyde Council.

(2) In this article, “general fund” means the fund which a local authority requires to have by virtue of section 93 of the Local Government (Scotland) Act 1973(2).

4.  Inverclyde Council will, in addition, keep a separate accounting record of all buildings and land which would immediately before 1st April 2008, have been held in the housing revenue account of that local authority and any such record will record income received by Inverclyde Council for a disposal of any such building or land.

S MAXWELL

Authorised to sign by the Scottish Ministers

St Andrew’s House,

Edinburgh

31st January 2008