10JAgreements may be entered into with transferees of building etc.

10J Agreements may be entered into with transferees of building etc.

(1) Where: (a) either of the following subparagraphs applies: (i) financial assistance to an organisation by way of a grant towards the capital works costs in respect of a hostel has been made or approved under this Act on conditions with respect to the use or disposal of any land, building or equipment; (ii) an organisation has entered into an agreement under this subsection under which the organisation is required to comply with conditions with respect to the use of disposal of any land, building or equipment; and (b) the organisation has transferred, or proposes to transfer, the whole or a part of the organisation’s interest in the land, building or equipment to another organisation; the Minister may enter into an agreement with the last‑mentioned organisation under which that organisation is required to comply, or will, upon the transfer being effected, be required to comply, with conditions, whether with respect to the use or disposal of the land, building or equipment or otherwise. (2) Where an agreement under subsection (1) between the Minister and an organisation is in force, the Minister may vary the agreement with the agreement of the organisation.