52 Recovery etc of grants

52  Recovery etc of grants

(1)     Where a grant to which this section applies, that is to say—

(a)     a grant under section 50 or 51 above, or

(b)     a grant under section 41 of the 1985 Act or any enactment replaced by that section, or

(c)     a grant under section 2(2) of the Housing (Scotland) Act 1988,

has been made to a [housing association which is a registered social landlord] [relevant housing association], the powers conferred by subsection (2) below are exercisable in such events (including the association not complying with any conditions) as the Corporation [Relevant Authority] [appropriate authority] may from time to time determine (in this section referred to as “relevant events”).

(2)     The Corporation [Relevant Authority] [appropriate authority]. . . may—

(a)     reduce the amount of, or of any payment in respect of, the grant;

(b)     suspend or cancel any instalment of the grant; or

(c)     direct the association [landlord] to pay to it [to apply or appropriate for such purposes as the [Relevant Authority] [appropriate authority] may specify, or to pay to the [Relevant Authority] [appropriate authority],] an amount equal to the whole, or such

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