60The housing revenue account
(1)Every local authority shall keep an account (to be called " the housing revenue account") of the income and expenditure of the authority in respect of—
(a)all houses and other buildings which have been provided at any time after 12th February 1919 under—
(i)Part III of the [1925 c. 15.] Housing (Scotland) Act 1925, or
(ii)any enactment relating to the provision of housing accommodation for the working classes repealed by that Act, or
(iii)Part V of the [1950 c. 34.] Housing (Scotland) Act 1950. or
(iv)Part VII of the principal Act;
(b)all land which at any time after the said date has been acquired or appropriated for the purposes of any of the enactments mentioned or referred to in paragraph (a) of this subsection, or which is deemed to have been acquired under Part III of the said Act of 1925 by virtue of section 15(4) of the [1935 c. 41.] Housing (Scotland) Act 1935;
(c)all dwellings in respect of which the Secretary of State has undertaken to make an Exchequer contribution to the local authority under section 35 of the said Act of 1935;
(d)all dwellings provided or improved by the local authority in accordance with improvement proposals approved by the Secretary of State under—
(i)section 2 of the [1949 c. 61.] Housing (Scotland) Act 1949. or
(ii)section 105 of the said Act of 1950. or
(iii)section 13 of this Act;
and all land acquired or appropriated by the authority for the purpose of carrying out such proposals ;
(e)all houses approved by the Secretary of State for the purposes of—
(i)section 4 of the [1954 c. 50.] Housing (Repairs and Rents) (Scotland) Act 1954, or
(ii)section 19 of this Act;
(f)such other houses as the local authority with the consent of the Secretary of State may from time to time determine.
(2)Where a house is for the time being vested in a local authority by reason of the default of any person in carrying out the terms of any arrangements under which assistance in respect of the provision, reconstruction or improvement of the house has been given under any enactment relating to housing, the house shall be deemed for the purposes of subsection (1) of this section to be a house which has been provided by the authority under Part VII of the principal Act.
(3)Notwithstanding subsection (1) of this section, a building provided or converted for use as a hostel or as part of a hostel and approved by the Secretary of State for the purposes of section 27(1) of the [1949 c. 61.] Housing (Scotland) Act 1949 or section 89(1) of the [1950 c. 34.] Housing (Scotland) Act 1950 or section 21(1) of this Act shall not be included amongst the buildings in respect of which the local authority are required by subsection (1) of this section to keep a housing revenue account:
Provided that if at any time the Secretary of State is satisfied that the building has ceased to be used as a hostel or as part of a hostel he may direct that it shall be so included.
(4)The provisions of Schedule 7 to this Act shall have effect as respects the keeping by a local authority of the housing revenue account.