SCHEDULES
SCHEDULE 11Minor And Consequential Amendments
The Housing Act 1985
88
In Schedule 16 to that Act (local authority mortgage interest rates), for paragraph 4 there shall be substituted the following paragraph—
4
1
The rate declared under paragraph 3(a) or (b) shall be a rate calculated in such manner as the Secretary of State may determine.
2
A determination under this paragraph—
a
may make different provision for different cases or descriptions of cases, including different provision for different areas, for different local authorities or for different descriptions of local authorities; and
b
may be varied or withdrawn by a subsequent determination.
3
As soon as practicable after making a determination under this paragraph, the Secretary of State shall send a copy of the determination to the local authority or authorities to which it relates.