The Local Government Changes for England (Finance) Regulations 1994

Local Government and Housing Act 1989 Duty to prevent debit balance on Housing Revenue Account

39.  The duties of an abolished or relinquishing authority under section 76 of the 1989 Act (duty to prevent debit balance on Housing Revenue Account) as regards an initial year shall, in relation to houses and other property which will from the reorganisation date be within the Housing Revenue Account of a successor or acquiring authority, be discharged by the successor or acquiring authority, as the case may be, during the preliminary period.