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Housing (Financial Provisions) (Scotland) Act 1968

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This is the original version (as it was originally enacted).

26Exchequer contributions towards certain deficits of Scottish Special Housing Association

Where the Secretary of State is satisfied that the total net annual expenditure (as calculated in accordance with rules made by the Secretary of State) necessarily incurred in the year beginning on 1st April 1962 or in any subsequent year by the Scottish Special Housing Association—

(a)in providing new houses in respect of which Exchequer contributions fall to be made under section 93 of the Housing (Scotland) Act 1950, section 23 of the Housing and Town Development (Scotland) Act 1957, section 1 of the Housing (Scotland) Act 1962 or sections 2 to 4, 6, 7 or 10 of this Act; and

(b)in improving, otherwise than as agents, housing accommodation whether by the provision of dwellings by means of the conversion of houses or other buildings or by the improvement of dwellings; and

(c)in providing housing accommodation, being accommodation acquired by them from any such body as is mentioned in section 25(2)(e) of this Act;

is greater than the sum of—

(i)the Exchequer contributions referred to in paragraph (a) of this section for the year in question, and

(ii)any Exchequer contributions made to the Association for the year in question under section 16 of this Act,

the Secretary of State may, with the approval of the Treasury, make such further Exchequer contribution to the Association in respect of the excess as he may determine.

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