Housing and Planning Act 2016
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Change 1
86 Payment by local authority of increased income to Secretary of State
(1) Rent regulations may require a local housing authority to make a payment or payments to the Secretary of State in respect of any estimated increase in rental income because of the regulations. (2) The amount of a payment is to be calculated in accordance with the regulations. (3) The regulations may provide for deductions to be made to reflect the administrative costs of local authorities in implementing the regulations. (4) The regulations may provide for interest to be charged in the event of late payment. (5) The regulations may provide for assumptions to be made in making a calculation, whether or not those assumptions are, or are likely to be, borne out by events. (6) The regulations may make provision about how and when payments are to be made including, in particular, provision for payments by instalment.
86 Payment by local authority of increased income to Secretary of State
(1) Rent regulations may require a local housing authority to make a payment or payments to the Secretary of State in respect of any estimated increase in rental income because of the regulations. (2) The amount of a payment is to be calculated in accordance with the regulations. (3) The regulations may provide for deductions to be made to reflect the administrative costs of local authorities in implementing the regulations. (4) The regulations may provide for interest to be charged in the event of late payment. (5) The regulations may provide for assumptions to be made in making a calculation, whether or not those assumptions are, or are likely to be, borne out by events. (6) The regulations may make provision about how and when payments are to be made including, in particular, provision for payments by instalment.
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