Part 4: Social Housing in England Chapter 5: Insolvency of Registered Providers of Social Housing Financial support for registered providers in housing administration Section 113: Guarantees: repayment by registered provider etc
This section applies where a sum is paid out by the Secretary of State under a guarantee in relation to a registered provider.
	If sums are paid out by the Secretary of State under a guarantee given under section 112 subsection (2) requires that the registered provider must pay the Secretary of State:
such amounts in or towards repayment as the Secretary of State may direct; and
interest on amounts outstanding at such rates as the Secretary of State may direct.
	If a sum has been paid out under a guarantee given under section 112 subsection (4) requires the Secretary of State to lay a statement relating to that sum before Parliament as soon as practicable after the end of the financial year in which the sum is paid out; and after the end of each subsequent financial year until the registered provider has discharged the liability (including interest).