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Housing (Financial Provisions) (Scotland) Act 1968

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This is the original version (as it was originally enacted).

19Exchequer contributions towards expenditure of local authorities in respect of unfit houses purchased or held by them

(1)The Secretary of State may make such Exchequer contributions as are authorised by this section towards expenditure incurred by a local authority in respect of houses approved by the Secretary of State for the purposes of this section, being—

(a)houses purchased by the local authority under section 14(1) of the principal Act; or

(b)houses purchased by them under section 20 of the principal Act; or

(c)houses of which the demolition is postponed under section 40 of the principal Act.

(2)Subject to the following provisions of this section, Exchequer contributions under this section in respect of any house shall be as follows, that is to say—

(a)in the case of a house purchased by the local authority, an Exchequer contribution equal to one-half of the annual loan charges referable to the cost of the purchase, payable for each financial year during the whole or part of which the house or any part of the house is used for housing purposes with the approval of the Secretary of State ; and

(b)in any case, an Exchequer contribution—

(i)if the house was approved for the purposes of this section on or before 13th November 1963, of seven pounds five shillings,

(ii)if the house was so approved after that date, of twelve pounds five shillings, payable for each year of a period of fifteen years from the date on which the house was approved for the purposes of this section:

Provided that the Secretary of State may from time to time by order direct that paragraph (b) of this subsection shall have effect, in relation to houses approved after the date on which the order comes into force, as if for the sum specified in head (ii) thereof there were substituted such higher or lower sum as may be specified in the order.

(3)If it appears to the Secretary of State that the expenditure incurred as a whole by a local authority in carrying out works on houses approved by the Secretary of State for the purposes of this section is unduly low having regard to the amount of the Exchequer contributions for the time being payable in respect of those houses under paragraph (b) of subsection (2) of this section, he may withhold the whole or any part of the Exchequer contributions payable under that paragraph to the authority.

(4)The power to make orders under this section shall be exercisable by statutory instrument, and an order so made shall be of no effect until it is approved by a resolution of the Commons House of Parliament.

(5)For the purposes of this section the annual loan charges referable to the cost of a purchase shall (whatever may be the manner in which the local authority have provided or intend to provide the money required for the purchase) be the annual sum which, in the opinion of the Secretary of State, would fall to be provided by the authority for the payment of interest on, and the repayment of, an amount of borrowed money equal to the said cost, being money the period for the repayment of which is sixty years.

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