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(1)Where an application for a grant is accompanied by an owner-occupation certificate, a tenant’s certificate or a special certificate, then, if the financial resources of the applicant exceed the applicable amount, the amount of any grant which may be paid shall be reduced from what it would otherwise have been in accordance with regulations made by the Secretary of State with the consent of the Treasury.
(2)For the purposes of this Part, the Secretary of State may by regulations made with the consent of the Treasury—
(a)make provision for the determination of the amount which is to be taken to be the financial resources of an applicant for a grant; and
(b)make provision for the determination of the applicable amount referred to in subsection (1) above.
(3)Without prejudice to the generality of subsection (2) above, regulations under this section—
(a)may make provision for account to be taken of the income, assets, needs and outgoings not only of the applicant himself but also of his spouse, any person living with him or intending to live with him and any person on whom he is dependent or who is dependent on him;
(b)may make provision for amounts specified in or determined under the regulations to be taken into account for particular purposes.
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