15Provisions relating to grants

#### 15 Provisions relating to grants 15 Provisions relating to grants > > (1) Grants may be made to any person, including to any individual, corporation or organisation. > > > (2) Each grant is to be made subject to a condition that the grant is to be expended within 3 years after it is made. > > > (3) Each grant is subject to any relevant condition prescribed by the regulations and such other conditions as are specified by the Trust by notice in writing to the grantee on or after the making of the grant. > > > (3A) The Trust may, by further notice in writing to the grantee, vary any condition to which the grant is subject (other than a condition prescribed by the regulations), including any condition previously varied under this subsection. > > > (4) The Trust may waive the application of any provision of this section in a particular case if the Trust thinks special circumstances exist that justify its doing so. > > > (5) The Trust is to include details of any decision to waive the application of this section in the next annual reporting information prepared for it under the [Government Sector Finance Act 2018](/view/html/inforce/current/act-2018-055). > > **s 15:** Am 2002 No 53, Sch 1.8 \[2\]; 2018 No 70, Sch 4.33.