10Unmatched moneys

10 Unmatched moneys

(1) If the Minister becomes satisfied in relation to a State, during a year to which this Act applies, that the aggregate of the amounts (in this section referred to as the amount notionally allocated for grants and loans to that State) that, but for this subsection, would constitute the total allocation to that State in respect of that year in respect of all moneys appropriated, whether by this Act or by another Act, for the purpose of making grants and loans to all the States under this Act during that year, exceeds the aggregate of the amounts (in this section referred to as the proposed matching expenditure of that State) that that State has expended or proposes to expend in relation to housing in respect of that year out of moneys that would constitute, in relation to that State, matching funds for the purpose of any agreement entered into in pursuance of this Act by that State, then, notwithstanding section 9: (a) the Minister shall, in authorizing grants and loans to that State during that year, ensure that the total of the amounts of the grants and loans made to that State does not exceed the amount so expended or proposed to be expended by that State; and (b) the Minister may authorize grants or loans, or grants and loans, of such amounts as he determines to be appropriate, to such of the States other than that State as he determines to be appropriate, being grants or loans, or grants and loans, that do not, in the aggregate, exceed the amount by which the amount notionally allocated for grants and loans to that State exceeds the proposed matching expenditure of that State. (2) In subsection (1), a reference to a grant shall be construed as a reference to a grant made for a purpose referred to in paragraph 6(1)(b).