Where an application for a grant is accompanied by an owner-occupationcertificate, a tenant's certificate or a special certificate, then, if thefinancial resources of the applicant exceed the applicable amount, the amountof any grant which may be paid shall be reduced from what it would otherwisehave been in accordance with regulations made by the Secretary of State withthe consent of the Treasury.
For the purposes of this Part, the Secretary of State may by regulationsmade with the consent of the Treasury—
make provision for the determination of the amount which is to be takento be the financial resources of an applicant for a grant; and
make provision for the determination of the applicable amount referred toin subsection (1) above.
Without prejudice to the generality of subsection (2) above, regulationsunder this section—
may make provision for account to be taken of the income, assets, needsand outgoings not only of the applicant himself but also of his spouse, anyperson living with him or intending to live with him and any person on whomhe is dependent or who is dependent on him;
may make provision for amounts specified in or determined under theregulations to be taken into account for particular purposes.