s 27B Transfer of property funded by grants under section 27A
(1) Where— (a) any grant is paid or payable to any person under section 27A, and (b) at any time property to which the grant relates becomes vested in, or is leased for a term of years to, or reverts to, another person who is not a registered social landlord, this Part shall have effect, in relation to times falling after that time, as if the grant, or such proportion of it as is determined or specified under subsection (4), had been paid or (as the case may be) were payable to that other person under section 27A. (2) Where— (a) any amount is paid or payable to any person by way of grant under section 27A, and (b) at any time property to which the grant relates becomes vested in, or is leased for a term of years to, or reverts to, a registered social landlord, this Part shall have effect, in relation to times falling after that time, as if the grant, or such proportion of it as is determined or specified under subsection (4), had been paid or (as the case may be) were payable to that other person under section 18. (3) In such a case, the relevant section 18 conditions accordingly apply to that grant or proportion of it, in relation to times falling after that time, in place of those specified under section 27A(8). “ The relevant section 18 conditions ” means such conditions specified under section 18(3) as would have applied at the time of the making of the grant if it had been made under section 18 to a registered social landlord. (4) The proportion mentioned in subsection (1) or (2) is that which, in the circumstances of the particular case— (a) the Welsh Ministers , acting in accordance with such principles as it may from time to time determine, may specify as being appropriate, or (b) the Welsh Ministers may determine to be appropriate.