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New Towns Act 1981
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51Grants to district councils
(1)Where it appears to the Secretary of State—
(a)that the transfer of buildings or other land to a district council by a transfer scheme, or
(b)that the inclusion of any land in management arrangements,
imposes or will impose a financial burden on the council, he may for the purpose of relieving that burden (whether wholly or partly) make grants to the council of amounts and for a period determined by him with the Treasury's consent.
(2)The council shall carry any such grants to the credit of their Housing Revenue Account.
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