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Development of Rural Wales Act 1976
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- UK Public General Acts
- 1976 c. 75
- SCHEDULE 5
- Part I
- Reduction or discontinuance of...
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Changes over time for: Cross Heading: Reduction or discontinuance of the subsidy
Version Superseded: 01/10/1998
Alternative versions:
- 01/02/1991- Amendment
- 01/02/1991
Point in time - 01/10/1998- Amendment
Status:
Point in time view as at 01/02/1991.
Changes to legislation:
There are currently no known outstanding effects for the Development of Rural Wales Act 1976, Cross Heading: Reduction or discontinuance of the subsidy.
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Reduction or discontinuance of the subsidyE+W+S
[F14(1)Subject to paragraph 5 below, the Secretary of State may reduce or discontinue the Board’s basic element or new capital costs element of the subsidy for any financial year if the Board has demolished or disposed of houses or other property within the Board’s housing account, or in any other circumstances which he considers relevant.
(2)The Secretary of State shall have power to determine, for the purposes of sub-paragraph (1) above—
(a)to which houses and other property regard is or is not to be had;
(b)the circumstances in which houses and other property are to be treated as having been disposed of;
(c)to which circumstances other than demolition or disposal of houses and other property regard is to be had, and
(d)the method by which the reduction in the element is to be calculated.]
Textual Amendments
F1Sch. 5 paras. 1–6 repealed (with saving) (prosp.) by Housing Act 1980 (c. 51, SIF 61), ss. 147(3), 153(4), Sch. 26
[F25(1)Where the Board has made an agreement to which this paragraph applies with a society, company or body of trustees for the time being approved by the Secretary of State for the purposes of this paragraph (in this paragraph referred to as a “housing co-operative"), neither the fact that the Board has made the agreement nor any letting of land in pursuance of it shall be treated as a ground for the reduction or discontinuance of the subsidy under paragraph 4 above.
(2)The agreements to which this paragraph applies are agreements with the Board for the exercise by the housing co-operative, on such terms as may be provided in the agreement, of any of the Board’s powers under this Act relating to land in which the Board has a legal estate.
(3)An agreement to which this paragraph applies may only be made with the approval of the Secretary of State and the terms of such an agreement shall be approved by him.
(4)The Secretary of State’s approval, both to the making and to the terms of such an agreement, may be given either generally or in relation to any particular agreement and may be given unconditionally or subject to conditions.
(5)Without prejudice to the power to let land conferred by section 4(1) of this Act, the terms of an agreement to which this paragraph applies may include terms providing for the letting of land to the housing co-operative by the Board.
(6)A housing association which is registered under Part II of the M1Housing Act 1974 shall not be entitled to a grant under Part III of that Act in respect of land for the time being comprised in an agreement to which this paragraph applies.]
Textual Amendments
F2Sch. 5 paras. 1–6 repealed (with saving) (prosp.) by Housing Act 1980 (c. 51, SIF 61), ss. 147(3), 153(4), Sch. 26
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