PART 4Social housing in England
CHAPTER 5Insolvency of registered providers of social housing
Financial support for registered providers in housing administration
112Guarantees where housing administration order is made
1
If a housing administration order has been made in relation to a registered provider the Secretary of State may guarantee—
a
the repayment of any sum borrowed by the registered provider while that order is in force,
b
the payment of interest on any sum borrowed by the registered provider while that order is in force, and
c
the discharge of any other financial obligation of the registered provider in connection with the borrowing of any sum while that order is in force.
2
The Secretary of State may give the guarantees in whatever manner, and on whatever terms, the Secretary of State considers appropriate.
3
As soon as practicable after giving a guarantee under this section, the Secretary of State must lay a statement of the guarantee before Parliament.
4
For repayment of sums paid by the Secretary of State under a guarantee given under this section, see section 113.