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HOUSING ASSISTANCE ACT 1973 No. 30 of 1973 - SECT 6
Purpose of loans.
6. (1) Subject to this section, a State to which an amount is paid under
section 4 shall, during the prescribed period, pay that amount to the housing
authority of the State and shall ensure that that amount is expended by that
housing authority during the prescribed period on-
(a) the erection of dwellings to which this paragraph applies by the
housing authority; and
(b) the purchase, or purchase and renovation, of dwellings to which this
paragraph applies by the housing authority.
(2) Paragraph (1) (a) applies to dwellings-
(a) that are erected for leasing to approved persons; and
(b) the erection of which-
(i) commenced or commences before 1st July, 1973; and
(ii) would not, but for the financial assistance to the State under
this Act or the expectation of that assistance, have been
commenced before 1st July, 1973.
(3) Paragraph (1) (b) applies to dwellings-
(a) that were or are purchased for leasing to approved persons; and
(b) the agreements for the purchase of which-
(i) were or are entered into before 1st July, 1973; and
(ii) would not, but for the financial assistance under this Act or
the expectation of that assistance, have been entered into
before 1st July, 1973.
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