142 Winding-down.U.K.
(1)Housing for Wales shall give to the Secretary of State all the information, prepare all the documents and do all other things which appear to the Secretary of State appropriate for the purpose of facilitating—
(a)the carrying into effect of sections 140, 141 and 143 and Schedule 16, or
(b)the exercise of any functions transferred to the Secretary of State by Schedule 16 or conferred or imposed on him by this section;
and Housing for Wales may do anything else which appears to it appropriate for that purpose.
(2)Housing for Wales shall comply with section 78(1) and (2) (annual reports) and section 97(1) to (3) (accounts) of the M1Housing Associations Act 1985—
(a)in relation to the last financial year ending before its functions are transferred (if it has not done so before then), and
(b)in relation to the period between the end of that financial year and the time when its functions are transferred (to which period those provisions shall apply as if it were a financial year).
(3)As from the time when the functions of Housing for Wales are transferred, the Secretary of State shall make available to Housing for Wales such facilities as it may reasonably require for exercising its functions under this section.
(4)Section 78(3) of the M2Housing Associations Act 1985 (duty of Secretary of State to lay reports before Parliament) shall apply in relation to a report made pursuant to subsection (2).
(5)Section 97(4) of that Act (duty of Secretary of State to prepare accounts) shall, so far as it relates to Housing for Wales, apply in relation to the period between—
(a)the end of the last financial year before its functions are transferred, and
(b)the time when its functions are transferred,
as if it were a financial year.
(6)The Secretary of State may pay to members of Housing for Wales—
(a)any remuneration which he considers appropriate in respect of the performance of their duties as members of Housing for Wales after the time when its functions are transferred, and
(b)any allowances which he determines should be paid to them in respect of expenses properly incurred by them in the performance of those duties after that time.
(7)The Secretary of State may determine that, as from the time when the functions of Housing for Wales are transferred or any later time, the number of members of Housing for Wales shall be reduced to a number which he considers appropriate (and may, accordingly, remove any such members from office).
(8)The Secretary of State shall meet the costs of remunerating auditors and any other costs incurred by Housing for Wales in connection with the exercise of any of its functions under this section.
Commencement Information
I1S. 142 wholly in force; s. 142 not in force at Royal Assent see s. 158; s. 142(1)(7)(8) in force at 2.9.1998 and s. 142(2)-(6) in force at 1.11.1998 by S.I. 1998/2244, arts. 3, 5
Marginal Citations