Section 112 — Housing and Planning Act 2016: Guarantees where housing administration order is made
Text of the provision Official document
Guarantees where housing administration order is made 112 1 If a housing administration order has been made in relation to a registered provider the Secretary of State may guarantee—
a the repayment of any sum borrowed by the registered provider while that order is in force, b the payment of interest on any sum borrowed by the registered provider while that order is in force, and c the discharge of any other financial obligation of the registered provider in connection with the borrowing of any sum while that order is in force.
2 The Secretary of State may give the guarantees in whatever manner, and on whatever terms, the Secretary of State considers appropriate.
3 As soon as practicable after giving a guarantee under this section, the Secretary of State must lay a statement of the guarantee before Parliament.
4 For repayment of sums paid by the Secretary of State under a guarantee given under this section, see section 113.
Official source: legislation.gov.uk
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