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Power of contributing to costs incurred by public utility societies and housing trusts.
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15.—(1) Where a public utility society or a housing trust, as defined by this Act, has submitted to the Local Government Board a scheme for the provision of houses for the working classes and the scheme is approved by the Board, then, if the scheme is carried out within such period after the passing of this Act as may be specified by the Board, with the consent of the Treasury, the Board may pay or undertake to pay out of moneys provided by Parliament such contributions towards the cost of carrying out the scheme as may be determined to be payable under regulations made by the Board, with the approval of the Treasury, subject to such conditions (including conditions as to audit of accounts by auditors of poor law unions) as may be prescribed by those regulations.
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Every regulation so made shall be laid before both Houses of Parliament as soon as may be after it is made, and, if an Address is presented by either House within twenty-one days on which that House has sat next after any such regulation is laid before it praying that the regulation may be annulled, His Majesty in Council may annul the regulation, but without prejudice to the validity of anything previously done thereunder.
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