195 Repayment of discount: periods and amounts applicable

Chapter 2
Disposals Attracting Discounts other than under Right to Buy

Disposals by local authorities

195  Repayment of discount: periods and amounts applicable

(1)     Section 35 of the Housing Act 1985 (repayment of discount on early disposal) is amended in accordance with subsections (2) and (3).

(2)     In subsection (2) for the words from “to pay to the authority” to the end of the subsection substitute “to the following effect.”

(3)     After subsection (2) insert—

“(3)     The covenant shall be to pay to the authority such sum (if any) as the authority may demand in accordance with subsection (4) on the occasion of

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