Part 2Scheme of assistance for housing purposes

Supplementary

97Interpretation of Part 2

1

In this Part—

  • “applicant’s contribution” means an amount assessed under section 77,

  • “approved expense” has the meaning given in section 76,

  • “interest free element” means an amount determined under section 79(4),

  • “minimum percentage grant” and “minimum percentage loan” have the meanings given in section 79(7),

  • “repayment element” means an amount determined under section 79(5),

  • “standard loan” means a loan made under this Part which is not a subsidised loan,

  • “subsidised loan” means a loan made under this Part which is divided into two elements in accordance with section 79(3).

2

In this Part—

a

references to grants or loans (excluding the reference in section 95(1)(b)) are to grants or loans provided under section 71(1), and

b

references to the applicant for a grant or loan are to be read, in relation to any time after an applicant dies, as references to the applicant’s executor.