PART IIIGRANTS, &c. FOR RENEWAL OF PRIVATE SECTOR HOUSING

CHAPTER IITHE MAIN GRANTS

Payment of grants

Payment of grants: general66

1

Where the Executive has approved an application for a grant, it shall pay the grant, subject to the following provisions of this Chapter.

2

The grant may be paid—

a

in whole after the completion of the eligible works, or

b

in part by instalments as the works progress and the balance after completion of the works.

3

Where a grant is paid by instalments, the aggregate of the instalments paid before the completion of the eligible works shall not at any time exceed nine-tenths of the amount of the grant.