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Part IVE+W+S Grants &c. for regeneration, development and relocation

Financial assistance for regeneration and developmentE+W+S

128 Regeneration and development: terms on which assistance is given.E+W+S

(1)Financial assistance under section 126 may be given on such terms as the Secretary of State, with the consent of the Treasury, considers appropriate.

(2)The terms may, in particular, include provision as to—

(a)circumstances in which the assistance is to be repaid, or otherwise made good, to the Secretary of State, and the manner in which that is to be done; or

(b)circumstances in which the Secretary of State is entitled to recover the proceeds or part of the proceeds of any disposal of land or buildings in respect of which assistance was provided.

(3)The person receiving assistance must comply with the terms on which it is given, and compliance may be enforced by the Secretary of State.