74Grants

74 Grants

(1)  Homes Tasmania may grant, from the funds of Homes Tasmania, money to a person.

(2)  Homes Tasmania may not grant money to a person under subsection (1) unless Homes Tasmania is satisfied that the person intends to use the money –

(a) to sell or lease residential premises to persons, or to provide residential accommodation to persons, some or all of whom are eligible persons; or

(b) to provide housing support services to persons, some or all of whom are eligible persons.

(3)  A grant of money under subsection (1) is to be on the terms and conditions specified in the grant.

(4)  If at any time, in the opinion of Homes Tasmania, any money granted under this Part –

(a) has not been applied for the purpose for which it was granted; or

(b) has not been carefully and economically expended –

Homes Tasmania may refuse to pay any further instalment of the proposed grant.