Paragraph 51 Housing Associations Act 1985

(1)

Section 79 (lending powers) is amended as follows.

(2)

In subsection (1)—

(a)

for “Relevant Authority” substitute “Welsh Ministers”, and

(b)

omit “, and the Housing Corporation may lend to any of its subsidiaries or to any other body in which it holds an interest,”.

(3)

In subsection (2)—

(a)

for “Relevant Authority”, where it first appears, substitute “Welsh Ministers”,

(b)

in paragraph (a) for “Relevant Authority” substitute “Welsh Ministers”, and

(c)

for paragraph (b) substitute—

“(b)
a registered social landlord or an unregistered self-build society,”.

(4)

In subsection (3) for “Relevant Authority” substitute “Welsh Ministers”.

(5)

For subsection (4) substitute—

“(4)
Subject to that, the terms of a loan under this section shall be such as the Welsh Ministers determine either generally or in a particular case.”.