SCHEDULES

SCHEDULE 8Housing Action Trusts: Finance Etc.

Part IIFinance

Grants and loans: accounts

9

1

The Secretary of State shall prepare in respect of each financial year an account—

a

of the sums paid to trusts under paragraph 3 above;

b

of the sums issued to him under paragraph 4(4) above and the sums received by him under paragraph 4(5) above and of the disposal by him of those sums; and

c

of the sums paid into the Consolidated Fund or National Loans Fund under paragraph 7 above.

2

The Secretary of State shall send the account to the Comptroller and Auditor General before the end of the month of November next following the end of that year.

3

The Comptroller and Auditor General shall examine, certify and report on the account and lay copies of it and of his report before each House of Parliament.

4

The form of the account and the manner of preparing it shall be such as the Treasury may direct.