S.I. No. 293/1977 -- Housing Authorities (Loans For Acquisition Or Construction of Houses) (Amendment) (No. 2) Regulations, 1977.
S.I. No. 293/1977: HOUSING AUTHORITIES (LOANS FOR ACQUISITION OR CONSTRUCTION OF HOUSES) (AMENDMENT) (No. 2) REGULATIONS, 1977. |
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HOUSING AUTHORITIES (LOANS FOR ACQUISITION OR CONSTRUCTION OF HOUSES) (AMENDMENT) (No. 2) REGULATIONS, 1977. |
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The Minister for the Environment, in exercise of the powers conferred on him by sections 5 and 39 of the Housing Act, 1966 (No. 21 of 1966) with the consent of the Minister for Finance hereby makes the following Regulations:-- |
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1. In these Regulations "the Principal Regulations" means the Housing Authorities (Loans for Acquisition or Construction of Houses) Regulations, 1972 ( S.I. No. 29 of 1972 ). |
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2. (1) These Regulations may be cited as the Housing Authorities (Loans for Acquisition or Construction of Houses) (Amendment) (No. 2) Regulations, 1977. |
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(2) The citation the Housing Authorities (Loans for Acquisition or Construction of Houses) Regulations, 1972 to 1977 shall include these Regulations. |
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3. The Principal Regulations are hereby amended by the insertion after paragraph (g) of sub-article (1) of article 3, inserted in the Principal Regulations by the Housing Authorities (Loans for Acquisition or Construction of Houses) (Amendment) Regulations, 1973 ( S.I. No. 250 of 1973 ), of the following paragraphs:-- |
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"(h) in the case of a loan for the construction of a house the foundations of which were laid after the 26th day of May, 1977, or in the case of a loan for the acquisition of a house the contract for the acquisition of which was entered into after the 26th day of May, 1977, £7,000 or 95 per cent of the value of the house excluding from that value the amount of any grant under any enactment, whichever is the less." |
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GIVEN under the Official Seal of the Minister for the Environment |
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this 12th day of September, 1977. |
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SYLVESTER BARRETT, |
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Minister for the Environment. |
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The Minister for Finance hereby consents to the foregoing Regulations. |
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Dated this 12th day of September, 1977. |
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SEOIRSE O COLLA, |
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Minister for Finance. |
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EXPLANATORY NOTE. |
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These Regulations amend the Housing Authorities (Loans for Acquisition or Construction of Houses) Regulations, 1972 and 1973 (S.I. Nos. 29 of 1972 and 250 of 1973). |
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The Regulations provide for an increase in the amount of a loan from £4,500 to £7,000 for a house where the foundations were laid after the 26th May, 1977 or for the acquisition of a house where the contract for such acquisition was entered into after that date. |
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