Office of Public Sector Information
Section 207(3).
1—For each year a local authority shall carry to the credit of the slum clearance revenue account amounts equal to—
(a)the income from the rents, feuduties and other charges in respect of houses and other property to which the account relates;
(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1
(c)any income from the investment or other use of capital obtained from the disposal of houses and other property to which the account relates;
(d)any expenses incurred by the local authority in the demolition of a building to which the account relates which they have recovered from the owner of the building;
(e)such other income of the local authority as the Secretary of State may direct.
F1Sch. 16 para. 1(b) repealed by Housing (Scotland) Act 1988 (c. 43, SIF 61), ss. 67(8), 72(3), Sch. 10
2—Where for any year a deficit is shown in the account, the local authority shall carry to the credit of the account in respect of that year an amount equal to the amount of the deficit.
3—For each year a local authority shall debit to the slum clearance revenue account amounts equal to—
(a)the loan charges which the local authority are liable to pay for that year referable to the amount of expenditure incurred by the local authority which falls within section 207(2);
(b)the taxes, feuduties, rents and other charges which the local authority are liable to pay for that year in respect of houses and other property to which the account relates;
(c)the expenditure incurred by the local authority for that year in respect of the repair, maintenance, supervision and management of houses and other property to which the account relates;
(d)the expenditure incurred by the local authority for that year in respect of the purchase, demolition, and clearance of sites of houses and other property to which the account relates where that expenditure is not met from capital;
(e)the arrears of rent which have been written off in that year as irrecoverable and the income receivable from any houses to which the account relates during any period in that year when they were not let;
(f)such other expenditure incurred by the local authority as the Secretary of State directs.
4—Any surplus shown in a slum clearance revenue account at the end of a year shall be credited to the general fund kept under section 93 of the M1Local Government (Scotland) Act 1973.
5—A local authority may, with the consent of the Secretary of State, exclude from the slum clearance revenue account any of the items of income or expenditure mentioned in the foregoing provisions of this Schedule, or may with such consent include any items of income or expenditure not mentioned in those foregoing provisions.
6—The Secretary of State may direct that items of income or expenditure either generally or of a specific category, shall be included in or excluded from the slum clearance revenue account.
Section 214(8).
1—The provisions of this Schedule shall have effect with respect to an advance under section 214.
2—The advance, together with interest thereon, shall be secured by a heritable security.
3—The amount of the principal of the advance shall not exceed the value of the subjects disponed or assigned in security, or as the case may be, the value which it is estimated the subjects disponed or assigned in security will bear when the construction, conversion, alteration, enlargement, repair or improvement has been carried out.
4—The heritable security shall provide for repayment of the principal—
(a)by instalments (of equal or unequal amounts) beginning either on the date of the advance or at a later date, or
(b)at the end of a fixed period (with or without a provision allowing the local authority to extend that period) or on the happening of a specified event before the end of that period.
5—It shall also provide for the payment of instalments of interest throughout the period beginning on the date of the advance and ending when the whole of the principal is repaid.
6—In the event of any of the conditions subject to which the advance is made not being complied with, the balance for the time being unpaid shall become repayable on demand by the local authority.
7—That balance may in any event be repaid at any term of Whitsunday or Martinmas by the debtor after one month’s written notice of intention to repay has been given to the authority.
8—Where the advance is for any of the purposes specified in paragraphs (b) to (d) of section 214(1) it may be made by instalments from time to time as the works of construction, conversion, alteration, enlargement, repair or improvement progress.
9—The advance shall not be made except after a valuation duly made on behalf of the local authority.
10—No advance shall be made unless the estate or interest in the lands proposed to be disponed or assigned in security is either ownership or a lease of which a period of not less than 10 years in excess of the period fixed for the repayment of the advance remains unexpired on the date on which the security is granted.
11—In this Schedule, any reference, in relation to an advance, to a heritable security shall include a reference to such heritable security as may be agreed between the parties making and receiving the advance.
Housing (Scotland) Act 1987