9BGuidelines for capital grants

9B Guidelines for capital grants

(1) The Minister shall, by written instrument, formulate guidelines for the determination of the amounts of grants of financial assistance under section 9A towards the capital works costs in respect of hostels. (2) Guidelines formulated under subsection (1) may provide for the following matters to be taken into account in the determination of the amount of a grant towards the capital works costs in respect of a hostel: (a) the class or classes of persons to be accommodated at the hostel; (b) the capacity of an organisation or proposed residents to contribute to those capital works costs; (c) the capacity of an organisation to borrow money to be applied towards those capital works costs; (d) the geographical location of the hostel; (e) the cost of acquiring and developing land; (f) specified limits on the amounts of grants; (g) any other matters the Minister considers relevant. (3) The Minister shall not, under section 9A, approve the payment of financial assistance by way of a grant to an eligible organisation in respect of a hostel unless the Minister is satisfied that the sum of the money (if any) expended, and the money presently available for expenditure, by the organisation towards the capital works costs in respect of the hostel, together with the amount of the grant, will not be less than the capital works costs in respect of the hostel.