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Paragraph 5

England and Wales

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

F1(1)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2(2)

Sub-paragraph (3) applies if, in the case of a development corporation established by the Secretary of State, the liabilities of the corporation for—

(a)

the repayment of advances under section 58(1) above; or

(b)

the payment of interest on such advances;

are transferred to the Homes and Communities Agency.

(3)

The following provisions apply to those advances—

(a)

section 61(2); and

(b)

section 66(1) but as if the reference to any payment under section 63 or 65 above were a reference to any sum received by the Secretary of State under section 25(2) of the Housing and Regeneration Act 2008.

Annotations

Textual amendments

F1

Sch. 10 para. 5(1) repealed (1.12.2008) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 31(7)(a), Sch. 16; S.I. 2008/3068, art. 2(1)(v)(2)5, Sch. (with arts. 6-13)

F2

Sch. 10 para. 5(2)(3) substituted for Sch. 10 para. 5(2) (1.12.2008) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 31(7)(b); S.I. 2008/3068, art. 2(1)(v)(2) (with arts. 6-13)

Notes on Schedule 10

Textual amendments

F1

Words in Sch. 10 heading repealed (1.12.2008) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 31(2), Sch. 16; S.I. 2008/3068, art. 2(1)(v)(2)5, Sch. (with arts. 6-13)