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- Original (As enacted)
This is the original version (as it was originally enacted).
Sections 1 and 3.
1In Schedule 4 (Housing Revenue Account)—
(1)In paragraph 1, the following provisions shall cease to have effect:
(a)in sub-paragraph (1), head (d);
(b)sub-paragraphs (5) and (6).
(2)In paragraph 2, head (f) shall cease to have effect.
(3)Paragraphs 5 and 6 shall cease to have effect.
(4)For paragraph 11 there shall be substituted the following paragraph—
“11(1)If at the end of any year a credit balance is shown in the housing revenue account, it shall be carried forward and credited to the account for the next following year.
(2)If for any year a deficit is shown in the said account, the local authority shall carry to the credit of the account a rate fund contribution of an amount equal to the deficit.”.
NOTE
The amendments contained in this Part of this Schedule shall have effect only as respects the year 1975-76 and later years.
2In section 3 (local authorities housing expenditure subsidy)—
(1)In subsection (1), in paragraph (a), the word " and ", and paragraph (b) shall cease to have effect.
(2)In subsection (2), the words after " expenditure per house " shall cease to have effect.
(3)In subsection (3), for the words " 1972-73 " there shall be substituted the words " 1975-76 ", and for the word " excess" there shall be substituted the word " increase ".
(4)In subsection (4), the following provisions shall cease to have effect—
(a)in paragraph (a), the word " and " ;
(b)paragraph (b) ;
(c)the words " and the associated contribution out of the general rate fund " ;
(d)column 3 of the Table.
(5)Subsections (6), (9)(c) and (d) and (11) shall cease to have effect.
3In section 4 (local authorities high cost subsidy)—
(1)In subsection (1), in paragraph (a), the word " and ", and paragraph (b) shall cease to have effect.
(2)In subsection (2), the words " or associated contribution out of the general rate fund " shall cease to have effect.
(3)In subsection (4), in paragraph (a), the word " and ", and paragraph (b) shall cease to have effect.
(4)In subsection (5), the words " under section 28 or 29 of this Act" shall cease to have effect.
4In section 9 (housing expenditure subsidy payable to development corporations and Scottish Special Housing Association)—
(1)In subsection (2), the words after " expenditure per house " shall cease to have effect.
(2)In subsection (3), for the words " 1972-73 " there shall be substituted the words " 1975-76 ", for the word " excess " there shall be substituted the word " increase ".
(3)Subsection (7) shall cease to have effect.
(4)In subsection (8), for the word " (7)" there shall be substituted the word " (6) ".
5In section 46 (rent income subsidy), for subsection (3) there shall be substituted the following subsections—
“(2A)Rent income subsidy payable by reference to any year in terms of subsection (2) above may continue to be so payable for such years, beginning with that year, as the Secretary of State may, in accordance with such regulations as aforesaid, from time to time determine.
(3)The amount of rent income subsidy for any year, determined in accordance with regulations made under this section, may be varied from year to year ; and any question relating to the said subsidy shall be determined by the Secretary of State.”.
NOTE
The amendments contained in this Part of this Schedule shall have effect only as respects the year 1975-76 and later years.
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