PART XIII GENERAL FINANCIAL PROVISIONS

Housing subsidy

427AF1C1 Entitlement to subsidy in case of land subject to management agreement.

The fact that a F2new town corporation or the Development Board for Rural Wales has entered into a management agreement, and any letting of land in connection with such an agreement—

a

shall be disregarded in determining F2that body’s reckonable income or expenditure for the purposes of housing subsidy, and

b

shall not be regarded as a ground for recovering, withholding or reducing any sum under section 427 (recoupment of housing subsidy).