Paragraph 4

In the case of any grant paid to them in accordance with these Regulations, a requirement that where, in respect of any financial year, any overpayment of grant is made to the board of management (including an overpayment due to the aggregate amount of payments made for that year in respect of recurrent grant exceeding the amount determined in accordance with these Regulations as the amount payable for that year, or to a reduction of the amount payable for that year following on revisal by the Secretary of State of his determination of that amount in accordance with these Regulations) a sum equal to the amount of overpayment shall be repayable to the Secretary of State by the board.