The Question is that this bill be read a third time. As many as are of that opinion say Content, and of the contrary Not content.

Clear the bar!

Right to Buy (Amendment) Act 2018

BE IT ENACTED by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Temporal, and the Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

1. Investment of right-to-buy revenue

In section 2 of the Right to Buy (Housing) Act 2017, for subsection (3) substitute—

"(3) A local authority must, with all revenue raised by the sale of council homes under the right to buy:

• (a) so far as practicable, apply it on or in connection with the building of new council homes; and

• (b) so far as it is not applied under paragraph (a), transfer any remainder to one or more adjacent local authorities.

(4) Money paid to a local authority by virtue of subsection (3)(b) is to be treated by that authority, for the purposes of this section, as revenue raised by the sale of council homes under the right to buy.

(5) The Secretary of State has a duty to ensure that every local authority complies with subsections (3) and (4)."

2. Short title, commencement and extent

(1) This Act may be cited as the Right to Buy (Amendment) Act 2018.

(2) This Act comes into force immediately on Royal Assent.

(3) This Act extends to England and Wales.

This bill was written and submitted by the Right Honourable /u/Aif123 MP PC on behalf of Her Majesty's 17th government.

This division ends 12 August.