Cases in which grants may be recalculated, withheld or repaidN.I.
73.—(1) This Article applies where an application for a grant has been approved by the Executive and—
(a)the Executive ascertains that the amount was determined under Article 61 or 62 on the basis of inaccurate or incomplete information and exceeds that to which the applicant was entitled;
(b)the Executive ascertains that without its knowledge the eligible works were started before the application was approved;
(c)the eligible works are not completed to the satisfaction of the Executive within the period specified under Article 68(1), or such extended period as the Executive may allow under that provision;
(d)the Executive ascertains that the aggregate of the cost of completing the eligible works and the costs incurred with respect to preliminary or ancillary services and charges, is or is likely to be lower than the estimated expense; or
(e)the Executive ascertains that without its knowledge the eligible works were carried out otherwise than as required by Article 69 (conditions as to contractors employed).
(2) Where this Article applies, the Executive may—
(a)refuse to pay the grant or any further instalment of grant which remains to be paid, or
(b)make a reduction in the grant which, in a case falling within paragraph (1)(d), is to be a reduction proportionate to the reduction in the estimated expense;
and the Executive may demand repayment by the applicant forthwith, in whole or part, of the grant or any instalment of the grant paid, together with interest from the date of payment until repayment, at such reasonable rate as the Executive may determine.