Housing (Miscellaneous Provisions) Act 1992

Amendment of Housing Finance Agency Act, 1981.

29

29.The Housing Finance Agency Act, 1981, is hereby amended—

( a) by the substitution for section 5 (as amended by the Housing Finance Agency (Amendment) Act, 1988) of the following:

“5. The Agency may, subject to such terms and conditions as from time to time stand approved of under this section by both the Minister and the Minister for Finance, advance moneys to—

( a) a housing authority to be used by them for any purpose authorised by or under the Housing Acts, 1966 to 1992, or

( b) the National Building Agency Limited (being the body so referred to in the National Building Agency Limited Act, 1963) for use by them for any lawful purpose in connection with the provision or improvement of housing or services related thereto or in substitution for funds borrowed by them for such purposes and still outstanding.”,

and

( b) by the substitution in subsection (3) of section 10 (as amended by the Housing Finance Agency (Amendment) Act, 1988) of “ £1,500,000,000” for “£1,000,000,000”.