S.I. No. 159/1972:

HOUSING AUTHORITIES (LOAN CHARGES CONTRIBUTIONS AND MANAGEMENT) REGULATIONS, 1967 (AMENDMENT) REGULATIONS 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.