SCHEDULES
I1SCHEDULE 16 Housing for Wales
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)
”.
Sch. 16 in force at 1.11.1998 by S.I. 1998/2244, art. 5