# The London Authorities (Transfer of Housing Estates etc.) Order 1973, Paragraph 6


Where a transferee authority takes any action in respect of housing accommodation transferred by article 4 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/1973/417/schedule/1/paragraph/6 (the official version)
Page: https://openlegislation.uk/london-authorities-transfer-of-housing-estates-etc-order-1973/schedule-1/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.