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Paragraph 1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

A local authority’s housing amount for the financial year beginning on 1st April 1990 shall be–

(a)

if their total housing advances are equal to or less than their total housing receipts, nil; and

(b)

if their total housing advances exceed their total housing receipts, the amount of any such excess less the amount, if any, by which their total non-housing receipts exceed their total non-housing advances, provided that the housing amount shall not thereby be less than nil.

(2)

A local authority’s non-housing amount for the financial year beginning on 1st April 1990 shall be–

(a)

if their total non-housing advances are equal to or less than their total non-housing receipts, nil; and

(b)

if their total non-housing advances exceed their total non-housing receipts, the amount of any such excess less the amount, if any, by which their total housing receipts exceed their total housing advances, provided that the non-housing amount shall not thereby be less than nil.