xmlns:atom="http://www.w3.org/2005/Atom"

PART IFinancial assistance towards cost of improvements and conversions

Contributions towards grants

16Contributions towards grants

(1)The Minister may make a contribution towards the expense incurred by a local authority in making a grant under this Part of this Act.

(2)The contribution shall be a sum payable annually for a period of twenty years beginning with the financial year in which the works towards the cost of which the grant was made were completed, equal to three-quarters of the annual loan charges referable to the amount of the grant.