S.I. No. 159/1972 - Housing Authorities (Loan Charges Contributions and Management) Regulations, 1967 (Amendment) Regulations 1972.
S.I. No. 159 of 1972. | ||
HOUSING AUTHORITIES (LOAN CHARGES CONTRIBUTIONS AND MANAGEMENT) REGULATIONS, 1967 (AMENDMENT) REGULATIONS 1972. | ||
The Minister for Local Government, in exercise of the powers conferred on him by sections 5 and 44 of the Housing Act, 1966 , (No. 21 of 1966) with the consent of the Minister for Finance hereby makes the following Regulations :— 1. These Regulations may be cited as the Housing Authorities (Loan Charges Contributions and Management) Regulations, 1967 (Amendment) Regulations, 1972. 2. Article 4 (2) of the Housing Authorities (Loan Charges Contributions and Management) Regulations, 1967 ( S.I. No. 71 of 1967 ) is hereby amended by the deletion therefrom of the words " after five " and by the substitution in paragraph (b) of " 3% " for " 2%". 3. These Regulations shall come into operation on the 1st day of July, 1972. | ||
GIVEN under the Official Seal of the Minister for Local Government this 23rd day of June, 1972. | ||
ROBERT MOLLOY, | ||
Minister for Local Government. | ||
The Minister for Finance hereby consents to the foregoing Regulations. | ||
SEOIRSE Ó COLLA, | ||
Dated this 23rd day of June, 1972. | ||
EXPLANATORY NOTE. | ||
These regulations enable a local authority to allow a local authority tenant a deduction from the market or replacement value of a local authority dwelling of 3% for each year during which he has been continuously in occupation of the dwelling or of any other dwelling of a local authority subject to a maximum deduction of 30% in built-up areas and 45% in other areas. The regulations apply to dwellings in purchase schemes approved on or after 1st July, 1972. |