SCHEDULE 2Amendment of enactments: Part 2

Housing Associations Act 1985I152

1

Section 80 (security for loans to unregistered self-build societies) is amended as follows.

2

In subsection (1)—

a

for “Relevant Authority” substitute “Welsh Ministers”,

b

in paragraph (a) for “makes” substitute “make”,

c

in paragraph (b)—

i

omit “or heritable security”, and

ii

for “has” substitute “have”, and

d

for “it may” substitute “they may”.

3

In subsection (2) for “Relevant Authority continues” substitute “Welsh Ministers continue”.

4

Omit subsection (3A).

5

In subsection (4) for the words from the beginning to “unless he is satisfied” substitute “The Welsh Ministers shall not give directions under this section requiring a society to transfer its interest in land to them or any other person unless they are satisfied”.