After section 51 of the [1981 c. 64.] New Towns Act 1981 there shall be inserted the following section—
(1)The Secretary of State may, with the Treasury's consent, make, out of money provided by Parliament, grants to any district council which has done accepted remedial work on dwellings or land—
(a)which were or was transferred to the council before 1st April 1981 under a 1976 Act transfer scheme, or
(b)with respect to which obligations were assumed by the council before that date under management arrangements included in such a scheme,
towards the cost of doing the work and providing alternative accommodation or meeting other incidental expenditure.
(2)In making a grant to a council under this section the Secretary of State may impose such conditions as he thinks fit, including—
(a)conditions for the repayment of grant, and
(b)conditions for the payment to him of any portion of any sums received by the council in respect of the defects which gave rise to the work.
(3)Any sums received by the Secretary of State under subsection (2) above shall be paid by him into the Consolidated Fund.
(4)In this section—
"accepted remedial work" means work for the purpose of remedying defects in transferred dwellings which, before it is done, is accepted by the Secretary of State as eligible for financial assistance out of public funds; and
" a 1976 Act transfer scheme " means a transfer scheme under the provisions of the [1976 c. 68.] New Towns (Amendment) Act 1976 re-enacted in section 42 above and the other provisions of this Part; and references to transferred dwellings, transferred land and management arrangements shall be construed accordingly."”