SCHEDULES

I1SCHEDULE 16 Housing for Wales

Annotations:
Commencement Information
I1

Sch. 16 in force at 1.11.1998 by S.I. 1998/2244, art. 5

The Housing Associations Act 1985 (c.69)

37

F11

Section 83 (power to guarantee loans) is amended as follows.

2

For subsection (1) substitute—

1

The Relevant Authority may guarantee the repayment of the principal of, and the payment of interest on, sums borrowed by registered social landlords or unregistered self-build societies; and the Housing Corporation may guarantee the repayment of the principal of, and the payment of interest on, sums borrowed by other bodies in which it holds an interest.

3

After that subsection insert—

1A

The consent of the Secretary of State given with the approval of the Treasury is required for the giving of a guarantee by the Housing Corporation and the approval of the Treasury is required for the giving of a guarantee by the Secretary of State.

4

In subsection (3A), for “Housing for Wales” (in each place) substitute “ the Secretary of State (or Housing for Wales) ”.