Regulation 156 Use of amounts set aside—expenditure for capital purposesI1

England and Wales Not yet in force

(1)

In this regulation, “excluded expenditure” means expenditure for capital purposes on the making of a grant, an advance or other financial assistance which—

(a)

is to a housing association (within the meaning given to that expression in section 1 of the Housing Associations Act 1985^f1); and

(b)

is towards expenditure for which the housing association receive or have received a grant under section 18 of the Housing Act 1996^f2, section 50 of the Housing Act 1988^f3, section 41(1) of the Housing Associations Act 1985^f4 or section 29(1) of the Housing Act 1974^f5.

(2)

An amount set aside, other than an amount set aside in respect of a capital receipt to which regulation 71 applies, may be applied by a relevant authority under section 64(2)(a) to meet any expenditure for capital purposes other than excluded expenditure.

Annotations

Commencement

I1: Reg. 156 in force at 1.4.1997, see reg. 1(1)(b)

Footnotes

f1: 1985 c. 69.
f2: 1996 c. 52.
f3: 1988 c. 50.
f4: Section 41 was repealed by Section 140(2) of, and Schedule 18 to, the Housing Act 1988.
f5: 1974 c. 44. Section 29 was repealed by Section 3 of, and Schedule 1 to, the Housing (Consequential Provisions) Act 1985 (c. 71).