# The London Authorities (Transfer of Housing Estates etc.) (No. 3) Order 1972, Paragraph 9


Where a transferee authority takes any action in respect of housing accommodation transferred by article 3 which results in the reduction or withdrawal of any grant or subsidy payable, that authority shall pay to the Greater London Council such sum (whether annually or as a single amount) as may be agreed to represent the value of the grant or subsidy which would have been paid.

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Source: https://www.legislation.gov.uk/uksi/1972/173/schedule/paragraph/9 (the official version)
Page: https://openlegislation.uk/london-authorities-transfer-of-housing-estates-etc-no-3-order-1972/schedule/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.