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Housing Rents and Subsidies (Scotland) Act 1975

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This is the original version (as it was originally enacted).

The Housing (Financial Provisions) (Scotland) Act 1972

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..

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