(1)This section applies where a housing association grant has been made to an association and—
(a)a condition imposed under section 50 is not complied with, or
(b)the Secretary of State is satisfied that land to which the grant relates has ceased to be used, or to be available for use, for the purpose for which, at the time the project concerned was approved, it was intended that it should be used, or
(c)land to which the grant relates is disposed of (in any manner) by the association, or
(d)there is paid to the association, in respect of land to which the grant relates, an amount payable in pursuance of the covenant required by paragraph 1 of Schedule 2 to this Act or section 155 of the [1985 c. 68.] Housing Act 1985 (repayment of discount on early disposal) or any other covenant or provision to the like effect, or
(e)there is paid to the association, in respect of land to which the grant relates, an amount payable in pursuance of the provision required by paragraph 1 or 6 of Schedule 8 to the [1985 c. 68.] Housing Act 1985 (terms of shared ownership lease: acquisition of additional shares or payment for outstanding share on disposal) or any other provision to the like effect.
(2)Where this section applies, the Secretary of State may—
(a)reduce the amount of, or of any payment in respect of, the grant,
(b)suspend or discontinue any instalment of the grant, or
(c)if a payment has been made to the association in respect of the grant, direct the association to pay to him an amount equal to the whole, or such proportion as he may determine, of the amount paid to the association.
(3)Where, after a housing association grant has been made to an association, there is—
(a)such a disposal as is mentioned in subsection (1)(c), or
(b)such a payment as is mentioned in subsection (1)(d) or (e),
the association shall notify the Secretary of State, and if so required by written notice of the Secretary of State, shall furnish him with such particulars of and information relating to the disposal or payment as are specified in the notice.
(4)Where a housing association grant has been made to an association, the Chief Land Registrar may furnish the Secretary of State with such particulars and information as he may reasonably require for the purpose of determining—
(a)whether there has been such a disposal as is mentioned in subsection (1)(c), or
(b)whether there has been made such a payment as is mentioned in subsection (1)(d) or (e).