PART III

GRANTS, &c. FOR RENEWAL OF PRIVATE SECTOR HOUSING
CHAPTER II

THE MAIN GRANTS

Payment of grants

Payment of grants: general
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1
Where the Executive has approved an application for a grant, it shall pay the grant, subject to the following provisions of this Chapter.
2
The grant may be paid—
a
in whole after the completion of the eligible works, or
b
in part by instalments as the works progress and the balance after completion of the works.
3
Where a grant is paid by instalments, the aggregate of the instalments paid before the completion of the eligible works shall not at any time exceed nine-tenths of the amount of the grant.