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Housing Act 1969
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16Contributions towards grants
(1)The Minister may make a contribution towards the expense incurred by a local authority in making a grant under this Part of this Act.
(2)The contribution shall be a sum payable annually for a period of twenty years beginning with the financial year in which the works towards the cost of which the grant was made were completed, equal to three-quarters of the annual loan charges referable to the amount of the grant.
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