90 Housing Revenue Account subsidy: negative amounts
Local Government Act 2003 (2003 c 26) | Legislation

90  Housing Revenue Account subsidy: negative amounts

(1)     In Part 6 of the Local Government and Housing Act 1989 (c 42) (housing finance), after section 80 there is inserted—

“80ZA Negative amounts of subsidy payable to appropriate person

(1)     If calculation in accordance with a determination under section 80(1) above of the amount of Housing Revenue Account subsidy payable to a local housing authority for a year produces a negative amount—

(a)     the authority shall for that year debit the equivalent positive amount to their Housing Revenue Account, and

(b)     pay that equivalent amount to the appropriate person.

(2)     Amounts payable to the appropriate person under subsection (1)(b)

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