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3(1)Subject to sub-paragraph (2), contributions by the Secretary of State to a housing authority remain payable under section 79 of the [1974 c. 44.] Housing Act 1974 (improvement contributions payable over a period of 20 years) in pursuance of applications approved before 8th August 1980.
(2)No contribution is payable under this paragraph in respect of dwellings within a local housing authority’s Housing Revenue Account or a new town corporation’s housing account.
(3)The contributions are payable subject to such conditions as to records, certificates, audit or otherwise as the Secretary of State may, with the approval of the Treasury, impose.
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