Paragraph 32

In Part XIII of the M1Housing Act 1985 (general financial provisions), after section 427 insert—

“ Entitlement to subsidy in case of land subject to management agreement.

427A

The fact that a local housing authority or other body has entered into a management agreement, and any letting of land in connection with such an agreement—

(a)

shall be disregarded in determining that authority or body’s reckonable income or expenditure for the purposes of housing subsidy, and

(b)

shall not be regarded as a ground for recovering, withholding or reducing any sum under section 427 (recoupment of housing subsidy).”.