PART 5HOUSING FINANCE
Payments in relation to Housing Revenue Accounts
132Settlement payments
(1)
The Welsh Ministers may make a determination providing for the calculation of the amount of a payment in relation to each local housing authority that keeps a Housing Revenue Account.
(2)
A payment of the type mentioned in subsection (1) is referred to in this Part as a “settlement payment”.
(3)
A determination under this section may provide for all or part of the amount to be calculated in accordance with a formula or formulae.
(4)
In determining a formula for this purpose, the Welsh Ministers may include variables framed by reference to such matters as they consider appropriate.
(5)
A determination under this section may provide that the effect of the calculation in relation to a local housing authority is that—
(a)
a settlement payment must be made by the Welsh Ministers to the local housing authority,
(b)
a settlement payment must be made by the local housing authority to the Welsh Ministers, or
(c)
the amount of a settlement payment in relation to that authority is nil.
(6)
Subsections (3), (4) and (5) do not limit the generality of the power conferred by subsection (1).