Section 86 — Housing and Planning Act 2016: Payment by local authority of increased income to Secretary of State

Payment by local authority of increased income to Secretary of State 86 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.