Housing Act 1988

Guarantees by housing authorities.

16

16. (1) A housing authority may, and shall, where so directed by the Minister, subject to such regulations as may be made by the Minister for the purposes of this section, guarantee a loan or part of a loan by an assurance company, a bank, a building society, a credit union or any other industrial or commercial organisation for the purpose of acquiring, constructing, or carrying out improvement works to, a house.

(2) The Minister may, with the consent of the Minister for Finance, recoup out of moneys provided by the Oireachtas all or part of any payment made by a housing authority by virtue of a guarantee given under this section.

Annotations:

Modifications (not altering text):

C17

Functions under subs. (2) transferred and references construed (15.07.2015) by Finance (Transfer of Departmental Administration and Ministerial Functions) Order 2015 (S.I. No. 318 of 2015), art. 3 and sch., in effect as per art. 1(2), subject to transitional provisions in arts. 4-8.

3. (1) The functions vested in the Minister for Finance by or under any of the provisions of the Acts specified in the Schedule are transferred to the Minister for Public Expenditure and Reform.

(2) References to the Minister for Finance contained in any Act or instrument made under an Act and relating to any functions transferred by this Order shall, from the commencement of this Order, be construed as references to the Minister for Public Expenditure and Reform.

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Schedule

Number and Year (1)

Short Title (2)

Provision (3)

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No. 28 of 1988

Housing Act 1988

Sections 3(1), 4(1), 6, 10(4) and 16(2)

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Editorial Notes:

E24

Power pursuant to section exercised (1.01.1989) by Housing (Miscellaneous Provisions) Regulations 1988 (S.I. No. 362 of 1988), in effect as per reg. 1(2).