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Section 13 Recovery of grant

Original text. Later amendments are not shown.

(1)

Subject to sub-paragraph (2) below, the Ministers may recover as a civil debt, or in Scotland as a debt, from any person who receives grant under this Scheme a sum equivalent to the whole or any part of the grant paid to that person if there occurs within the control period—

(a)

the total loss of the vessel;

(b)

a breach of any undertaking or condition subject to which the grant or any part of it was made;

(c)

a mortgage of the vessel (other than a mortgage created for the raising of money applied towards the cost of construction or improvement of the vessel, being a mortgage approved by the Ministers before it was created), a transfer of registration of the vessel, or a charter, for any purpose other than the employment of the vessel in the catching of sea fish based on a port in the United Kingdom;

(d)

a disposal, whether by sale or otherwise, of the vessel or of any part thereof or of its engine or of any part thereof or of any equipment or apparatus used on or in connection therewith, or of any part of a vessel, engine, part of an engine or relevant equipment which is the subject of the improvement in respect of which the grant or any part of it was made.

(2)

If the event in sub-paragraph (1)(a) to (d) above which gives rise to the recovery of the grant under that sub-paragraph occurs more than 2 years from the commencement of the control period, there shall be repaid to the Ministers a sum equivalent to a proportion of the grant to be calculated by multiplying the total amount of the grant by the fraction which represents the relationship which the unexpired part of the control period bears to the full control period.