Section 233 DestinationI1
(1)
This section applies where the regulator receives money by way of penalty.
(2)
The regulator may deduct a sum which represents—
(a)
the direct costs to the regulator of imposing and enforcing the penalty, and
(b)
a reasonable share of expenditure by the regulator which is indirectly referable to the imposition and enforcement of the penalty.
(3)
Any excess shall be paid to the HCA, to be used for purposes which appear to it to amount to investment in social housing.
Annotations
Commencement
- I1
S. 233 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)
Notes on Part 2
Modifications
- C1
Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 9 11 14 15 17)