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Regulation 12 Reduction in amount of grant

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The amount of any grant which may be paid in respect of an application which is accompanied by owner-occupation certificate shall, if the financial resources of the applicants exceed the applicable amount, be reduced from what is would otherwise have been by an amount equal to the aggregate of the amounts determined—

(a)

by multiplying by 18.46 such part of that excess as is £47.95 or less;

(b)

by multiplying by 36.92 such part of that excess as is greater than £47.95 but not more than £95.89;

(c)

by multiplying by 147.68 such part of that excess as is greater than £95.89 but not more than £191.78; and

(d)

by multiplying by 369.21 such part of that excess as is greater than £191.78.

(2)

The amount of any grant which may be paid in respect of an application which is accompanied by a tenant’s certificate shall, if the financial resources of the applicant or applicants exceed the applicable amount, be reduced from what it would otherwise have been by an amount equal to the aggregate of the amounts determined—

(a)

by multiplying by 10.77 such part of that excess as is £47.95 or less;

(b)

by multiplying by 21.54 such part of that excess as is greater than £47.95 but not more than £95.89;

(c)

by multiplying by 86.16 such part of that excess as is greater than £956.89 but not more than £191.78; and

(d)

by multiplying by 215.40 such part of that excess as is greater than £191.78.