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6(1)In paragraph (1) (a) of schedule 1 to the housing finance Act 1972 (the Housing Revenue Account) the words "or water rates or charges " are hereby repealed.
(2)For paragraph 1(1)(c) of that Schedule there is substituted the following—
“(c)any of the following subsidies payable to the local authority for that year, namely—
(i)housing subsidy under the Housing Rents and Subsidies Act 1975 ;
(ii)expanding towns subsidy under that Act; and
(iii)rent rebate subsidy under the Social Security and Housing Benefits Act 1982 to the extent that it is calculated by reference to Housing Revenue Account rebates (within the meaning of Part II of that Act) and the cost of administering such rebates.”.
(3)In paragraph 3(2) of that Schedule after the words "other than " there are inserted the words " water rates or charges or ".
(4)In paragraph 6(a) of that Schedule, for the words " under section 3 of the Housing Rents and Subsidies Act 1975 " there are substituted the words " under section 32 of the Social Security and Housing Benefits Act 1982 ".
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