24 Local housing authorities: limits on housing revenue account debt
Wales Act 2014 (2014 c 29) | Legislation

Part 3 Miscellaneous

24  Local housing authorities: limits on housing revenue account debt

(1)     Part 6 of the Local Government and Housing Act 1989 (housing finance) is amended as follows.

(2)     After section 76 insert—

“76A Limits on indebtedness

(1)     The Treasury may from time to time make a determination providing for the maximum amount of housing debt that may be held, in aggregate, by local housing authorities in Wales that keep a Housing Revenue Account.

(2)     The Welsh Ministers may from time to time make a determination providing for the calculation in relation to each such authority of—

(a)     the amount of housing debt that, at such time and on such assumptions as the Welsh Ministers may determine, is to be treated as held by the authority, and

(b)     the maximum amount of such

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