Part ISocial Rented Sector regulated by the Welsh Ministers

Chapter III Grants and other financial matters

Grants, &c. under earlier enactments

28 Grants under F1Part 2 of the Housing Act 1988.

F2(1)

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F3(2)

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(3)

Section 52 of that Act (recovery, &c. of grants) is amended as follows—

(a)

in subsection (2)(c), for “to pay to it” substitute “ to apply or appropriate for such purposes as F4the Welsh Ministers may specify, or to pay to the F5Relevant Authority, ”;

(b)

in the closing words of subsection (2), for the words from “requiring” to “interest on that amount” substitute “ may require the application, appropriation or payment of an amount with interest ”;

(c)

in subsection (7), for the words from “requiring” to “to F4the Welsh Ministers” substitute “ requiring the application, appropriation or payment of an amount with interest ”;

(d)

in subsection (8)(a), for the words from “the amount” to “is paid” substitute “ the principal amount is applied, appropriated or paid ”;

(e)

in subsection (8)(b), for “that amount is so paid” substitute “ the principal amount is so applied, appropriated or paid ”.

(4)

In section 53 of that Act (determinations by F5Relevant Authority), for subsection (2) (requirement of approval of Secretary of State and, in the case of a general determination, consent of the Treasury) substitute—

“(2)

The F5Relevant Authority shall not make a general determination under the foregoing provisions of this Part except with the approval of the Secretary of State.”.

(5)

In section 55(1) of that Act (surplus rental income: cases in which section applies), omit paragraph (a).

F6(6)

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