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7(1)The preceding provisions apply in relation to the financial year 1986-87 and subsequent financial years.
(2)The repeal by the [1985 c. 71.] Housing (Consequential Provisions) Act 1985 of the provisions of. the [1972 c. 47.] Housing Finance Act 1972 relating to basic and special residual subsidies does not affect the operation of those provisions in relation to previous financial years.
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