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”.