PART II CLAIMS FOR AND PAYMENT OF SUBSIDY
Payment of subsidy for the relevant year9
1
Subject to paragraphs (2) and (3) and to any subsidy withheld, reduced or deducted in accordance with sections 140B(4) or 140C(3), as the case may be, where he is satisfied that—
a
the authority has submitted its final claim;
b
the auditor has audited and certified that claim; and
c
the conditions of this Part have been complied with,
the Secretary of State shall pay to that authority final subsidy calculated in accordance with Part III.
F12
Any payment pursuant to paragraph (1) shall only be in respect of the balance of subsidy due after the Secretary of State—
a
has deducted any interim subsidy paid during or in respect of the relevant year; F3and
b
has added or deducted, as the case may be, any amount paid, recovered or withheld pursuant to article 8A in respect of the relevant year;
F4 c
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F4 d
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
The Secretary of State may pay subsidy under paragraph (1) once that submission, audit or certification, as the case may be, has occurred, despite it occuring after the time required in this Part.
4
In a case where the third or fourth condition, as the case may be, are not met in relation to any authority, the Secretary of State may pay such amount of subsidy as he is satisfied will be due when that condition is met.
F25
In paragraph (1), a reference to paying final subsidy calculated in accordance with Part III may also be a reference to deducting or withholding subsidy, as the case may be.