PART 3Payment of grants and making of loans by the Welsh Ministers
Records, inspection and notification of changes10
It is a condition of the payment of any grant and the making of loans that the person to whom the payment is made must—
a
make a record of all payments of grant or loan made and all expenditure in respect of which such payments are made,
b
keep any record referred to in paragraph (a) for at least six years after the date on which the last payment was made,
c
upon reasonable notice by the Welsh Ministers, make any record referred to in paragraph (a) available for inspection, and
d
notify the Welsh Ministers as soon as reasonably practicable of any material change in circumstances that is relevant to the payment of the grant or loan.