C1Part 2Regulation of Social Housing
Annotations:
Modifications etc. (not altering text)
Chapter 7Enforcement powers
Penalty
I1233Destination
1
This section applies where the regulator receives money by way of penalty.
2
The regulator may deduct a sum which represents—
a
the direct costs to the regulator of imposing and enforcing the penalty, and
b
a reasonable share of expenditure by the regulator which is indirectly referable to the imposition and enforcement of the penalty.
3
Any excess shall be paid to the HCA, to be used for purposes which appear to it to amount to investment in social housing.
Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 911141517)