Search Legislation

Wales Act 2014

Status:

This is the original version (as it was originally enacted).

24Local housing authorities: limits on housing revenue account debt

This section has no associated Explanatory Notes

(1)Part 6 of the Local Government and Housing Act 1989 (housing finance) is amended as follows.

(2)After section 76 insert—

76ALimits on indebtedness

(1)The Treasury may from time to time make a determination providing for the maximum amount of housing debt that may be held, in aggregate, by local housing authorities in Wales that keep a Housing Revenue Account.

(2)The Welsh Ministers may from time to time make a determination providing for the calculation in relation to each such authority of—

(a)the amount of housing debt that, at such time and on such assumptions as the Welsh Ministers may determine, is to be treated as held by the authority, and

(b)the maximum amount of such housing debt that the authority may hold.

(3)The Welsh Ministers must make a determination under subsection (2) in relation to each authority within the period of 6 months beginning immediately after the day on which the Treasury makes a determination under subsection (1).

(4)The aggregate of the amounts determined under subsection (2)(b) must not exceed the amount determined under subsection (1).

(5)A local housing authority may not hold debt in contravention of a determination under subsection (2)(b).

(6)A determination under this section may, in particular, provide for all or part of an amount to be calculated in accordance with a formula or formulae.

(7)A determination under this section may provide for assumptions to be made in making a calculation whether or not those assumptions are, or are likely to be, borne out by events.

(8)As soon as practicable after making a determination under subsection (1), the Treasury must—

(a)send a copy of it to the Welsh Ministers, and

(b)lay a copy of it before the House of Commons.

(9)For the purposes of this section a debt is a “housing debt”, in relation to a local housing authority, if—

(a)the debt is held by the authority in connection with the exercise of its functions relating to houses and other property within its Housing Revenue Account, and

(b)interest and other charges in respect of the debt are required to be carried to the debit of that account.

76BPower to obtain information

(1)A local housing authority in Wales, and any officer or employee of a local housing authority in Wales concerned with their housing functions, must supply the Welsh Ministers with such information as the Welsh Ministers may specify, either generally or in any particular case, for the purpose of enabling the Welsh Ministers to exercise their functions under section 76A.

(2)A local housing authority must supply the Welsh Ministers with such certificates supporting the information required by them as they may specify.

(3)If a local housing authority, or any officer or employee of a local housing authority concerned with their housing functions, fails to comply with subsection (1) or (2) before the end of such period as the Welsh Ministers may specify, the Welsh Ministers may exercise their functions under section 76A on the basis of such assumptions and estimates as they see fit.

(3)Section 87 (determinations and directions) is amended as follows.

(4)For “the Secretary of State” (in each place) substitute “the appropriate person”.

(5)After subsection (1) insert—

(1A)Subsection (1)(b) does not apply to determinations under section 76A(2).

(6)In subsection (2)—

(a)for “him” substitute “that person”;

(b)for “he” substitute “the appropriate person”.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

See additional information alongside the content

Show Explanatory Notes for Sections: Displays relevant parts of the explanatory notes interweaved within the legislation content.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources