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(1)The Corporation may make grants to registered social landlords in respect of discounts on disposals by them of dwellings to tenants otherwise than in pursuance of the right conferred by section 16.
(2)The Corporation shall make such a grant if the tenant was entitled to exercise the right conferred by section 16 in relation to another dwelling of the landlord's.
The amount of the grant in such a case shall not exceed the amount of the discount to which the tenant would have been entitled in respect of the other dwelling.
(3)The Corporation, acting in accordance with such principles as it may from time to time determine, shall specify in relation to grants under this section—
(a)the procedure to be followed in relation to applications for grant;
(b)the circumstances in which grant is or is not to be payable;
(c)the method for calculating, and any limitations on, the amount of grant; and
(d)the manner in which, and time or times at which, grant is to be paid.
(4)In making a grant under this section, the Corporation may provide that the grant is conditional on compliance by the registered social landlord with such conditions as the Corporation may specify.
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