Part IV Town Development Subsidy
Housing Act 1985 (1985 c 68) | Legislation

Part IV Town Development Subsidy

(s 9 of the Housing Finance Act 1972;
s 5 of the Housing Rents and Subsidies Act 1975)

Transitional town development subsidy

1

(1)     Transitional town development subsidy is payable each year, subject to the following provisions of this Part of this Schedule, to a sending authority to whom town development subsidy under section 9 of the Housing Finance Act 1972 was payable for the year 1974–75; and the amount of the subsidy, subject to the following provisions of this Schedule, is the amount of town development subsidy payable to the authority for the year 1974–75.

(2)     The subsidy is payable for the credit of the sending authority's general rate fund.

2

(1)     The subsidy is payable by the Secretary of State at such times and in such manner as the Treasury may direct, and subject to such conditions as to records, certificates, audit or otherwise as the Secretary of State may, with the approval of the Treasury,

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