Statutory Instruments
2007 No. 798
Housing, england and wales
The Housing (Tenancy Deposits) (Specified Interest Rate) Order 2007
Made
13th March 2007
Coming into force
6th April 2007
The Secretary of State, as respects England, and the National Assembly for Wales, as respects Wales, in exercise of the power conferred by paragraph 3(5)(b) of Schedule 10 to the Housing Act 2004( 1 ), make the following Order:
Citation and commencement
1. This Order may be cited as the Housing (Tenancy Deposits) (Specified Interest Rate) Order 2007 and shall come into force on 6th April 2007.
Specified interest rate
2. For the purposes of paragraph 3(5)(b) of Schedule 10 to the Housing Act 2004 the specified interest rate is a rate equivalent to the base rate of the Bank of England less 2.32 percent.
Signed by authority of the Secretary of State
for Communities and Local Government
Kay Andrews
Parliamentary Under Secretary Of State
Department for Communities and Local Government
13th March 2007
Signed on behalf of the National Assembly for Wales
Dafydd Ellis-Thomas
The Presiding Officer of the National Assembly
6th February 2007
2004 c. 34 . The power conferred by paragraph 3(5)(b) of Schedule 10 to the Housing Act 2004 (“the Act”) is exercisable, as respects England, by the Secretary of State and, as respects Wales, by the National Assembly for Wales. See the definition of the appropriate national authority in section 261(1) of the Act.