PART X HOUSING ACCOUNTS OF LOCAL AUTHORITIES
205 The rent rebate account.
1
A local authority shall keep a rent rebate account for each year.
2
The authority shall—
a
credit that account with the amount of rent rebate subsidy payable to them under section 32 of the M1Social Security and Housing Benefits Act 1982;
b
debit that account with—
i
the amount of the authority’s rent rebates for the year, and
ii
the authority’s costs of administering their rent rebates for the year.
3
Where for any year a deficit is shown in the account, the local authority shall credit the account in respect of that year with an amount equal to the amount of the deficit.