Housing (Miscellaneous Provisions) Act 2002

Subsidy towards housing loan charges.

7

7.—(1) The Minister may, with the consent of the Minister for Finance and subject to regulations that may be made by the Minister under this section, pay, out of moneys provided by the Oireachtas, a subsidy towards the loan charges incurred by a person to whom a housing authority makes a loan for the purchase of an affordable house.

(2) Without prejudice to the generality of subsection (1), regulations under this section may provide for all or any of the following:

( a) the amount of a subsidy, the conditions under which it may be paid and the manner of its payment, including payment by instalments;

( b) the payment to the housing authority making the loan of a subsidy on behalf of the person to whom it is payable under subsection (1) and the conditions under which it is paid to the housing authority;

( c) the class or classes of persons to whom a subsidy may be paid;

( d) requirements in relation to the family, income and other financial circumstances of a person to whom a subsidy may be paid;

( e) the period within which application for a subsidy shall be made;

( f) requirements in relation to the payment of any other subsidy or grant in respect of a house under any enactment (including this Act).

Annotations:

Modifications (not altering text):

C10

Functions transferred and references to “Department of Finance” and “Minister for Finance” construed (29.07.2011) by Finance (Transfer of Departmental Administration and Ministerial Functions) Order 2011 (S.I. No. 418 of 2011), arts. 2, 3, 5 and sch. 1 part 2, in effect as per art. 1(2), subject to transitional provisions in arts. 6-9.

2. (1) The administration and business in connection with the performance of any functions transferred by this Order are transferred to the Department of Public Expenditure and Reform.

(2) References to the Department of Finance contained in any Act or instrument made thereunder and relating to the administration and business transferred by paragraph (1) shall, on and after the commencement of this Order, be construed as references to the Department of Public Expenditure and Reform.

3. The functions conferred on the Minister for Finance by or under the provisions of —

(a) the enactments specified in Schedule 1, and

(b) the statutory instruments specified in Schedule 2,

are transferred to the Minister for Public Expenditure and Reform.

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5. References to the Minister for Finance contained in any Act or instrument 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 1

Enactments

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Part 2

1922 to 2011 Enactments

Number and Year

Short Title

Provision

(1)

(2)

(3)

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No. 9 of 2002

Housing (Miscellaneous Provisions) Act 2002

Sections 7, 11 and 12

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Editorial Notes:

E13

Power pursuant to section exercised (30.12.2005) by Housing (Mortgage Subsidy) Regulations 2005 (S.I. No. 914 of 2005).