Housing Finance Agency (Amendment) Act, 1988
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Amendment of section 5 of Principal Act. |
2.—(1) Section 5 of the Principal Act is hereby amended by— | |
(a) the substitution for subsection (1) (b) of the following paragraph— | ||
“(b) advance moneys to a housing authority to enable the authority— | ||
(i) to make loans for the purpose of acquiring, constructing, or carrying out improvement works to, houses, and | ||
(ii) to pay grants under section 6 of the Housing (Miscellaneous Provisions) Act, 1979 .”, | ||
and | ||
(b) the substitution for subsection (2) of the following subsection— | ||
“(2) Where moneys are advanced to a housing authority under subsection (1) of this section for the making of loans, the authority shall use such moneys to make loans— | ||
(a) under section 39 of the Housing Act, 1966 , or | ||
(b) in accordance with such terms and conditions relating to the acquisition and construction of houses as have, from time to time, been approved of for the purposes of this section by the Minister and by the Minister for Finance, or | ||
(c) under section 8 of the Housing (Miscellaneous Provisions) Act, 1979 .”. | ||
(2) This section shall be deemed to have come into operation on the 1st day of July, 1987. |