xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"

Part IIIE+W[F1 The Housing Corporation][F1Social Housing in Wales]

Textual Amendments

Modifications etc. (not altering text)

C1Pt. III (ss. 74-102) excluded (E.W.) (1.10.1996) by 1996 c. 52, s. 7, Sch. 1 para. 15(6); S.I. 1996/2402, art. 3 (subject to transitional provisions and savings in Sch.)

[F2Relevant Authority’s] powers with respect to grants and loansE+W+S

Textual Amendments

F2Words in Pt. III (ss. 74-102) substituted (1.11.1998) by 1998 c. 38, s. 140, Sch. 16 para. 28(a) (with ss. 139(2), 143(2)); S.I. 1998/2244, art. 5

80 Security for loans to unregistered self-build societies.E+W+S

(1)Where the [F3Welsh Ministers]

(a)[F4make] a loan to an unregistered self-build society under section 79(1); and

(b)under a mortgage F5... entered into by the society to secure the loan [F6have] an interest as mortgagee or creditor in land belonging to the society,

[F7they may] F8. . . give the society directions with respect to the disposal of the land.

(2)The society shall comply with directions so given so long as the [F9Welsh Ministers continue] to have such an interest in the land.

(3)Directions so given may be varied or revoked by subsequent directions F10... .

F11(3A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)[F12The Welsh Ministers shall not give directions under this section requiring a society to transfer its interest in land to them or any other person unless they are satisfied] that arrangements have been made which will secure that the members of the society receive fair treatment in connection with the transfer.

Textual Amendments

Modifications etc. (not altering text)

C2S. 80: transfer of functions (E.W.) (1.12.2008) by The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839), arts. 1(1), 2 (see S.I. 2008/3068, art. 2(1)(b))