10Unmatched funds

10 Unmatched funds

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 section, would constitute the total allocation to that State in respect of that year in respect of all money appropriated, whether by this Act or by another Act, in respect of that year for a relevant purpose (not being money appropriated for the making of grants for the purpose referred to in paragraph 6(1)(a)), exceeds the aggregate of the amounts (in this section referred to as the proposed matching expenditure of that State) that that State has applied or expended or proposes to apply or expend in relation to housing in respect of that year out of money that would constitute, in relation to that State, matching funds for the purpose of any agreement entered into pursuant to this Act with 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 the Minister determines to be appropriate, to such of the States other than that State as the Minister 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.