Replacement grants
73.—(1) The Executive may, in accordance with regulations made by the Department, pay grant (in this Article referred to as “replacement grant”) towards the cost of the replacement of dwellings.
(2) Regulations made under this Article may contain such provision as the Department considers appropriate and, without prejudice to the generality of the foregoing, may include in particular provision with respect to the matters mentioned in paragraph (3).
(3) Regulations made under this Article may—
(a)include provision prescribing—
(i)the class and location of dwellings to which the scheme applies,
(ii)the eligibility of persons to receive grant,
(iii)the amount of any grant to be made under the regulations or the manner in which any such amount is to be computed, and
(iv)the conditions subject to which any grant is to be made including, in particular, conditions as to the circumstances in which grant is to be repayable;
(b)provide for the Executive to exercise a discretion in dealing with any matter; and
(c)provide that such provision made under Chapter I of this Part as may be prescribed shall apply (with or without modifications) in relation to replacement grants.
(4) Regulations made under this Article may provide that any of the conditions prescribed under paragraph (3)(a)(iv) is to be included among the matters required to be registered in the Statutory Charges Register.
(5) Regulations under this Article shall be made subject to the approval of the Department of Finance and Personnel.