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This is the original version (as it was originally enacted).
2Amounts, and payment, of grants under improvement schemes
(1)The amount which may-be paid by way of an improvement grant in respect of the cost of any work shall be one half of the cost of that work so far as approved by the appropriate Minister as having been reasonably incurred.
(2)Subject to any provision to the contrary made by the approved scheme, an improvement grant payable in respect of the cost of any work shall be paid to the person responsible under the scheme for doing that work.
(3)An improvement grant in respect of the cost of any work may be paid on the completion of the work, or by instalments on the completion of parts thereof.
(4)The aggregate of the amounts of improvement grants paid shall not exceed a maximum of four million pounds :
Provided that provision for increasing the said maximum by not more than one million pounds may be made by an order made by the Ministers with the consent of the Treasury at any time within five years from the commencement of this Act and approved by a resolution of the Commons House of Parliament.
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