473. The Minister may withhold the amount of any grant or subsidy, other than a grant or subsidy for the transportation of pupils, intended for a school board if it refuses or neglects to comply with this Act and the regulations, or it may reduce it wherever the service for which a grant or subsidy is made is not rendered, or the conditions respecting its allocation are not respected.
In no case, however, may the Minister withhold or reduce a grant or subsidy related to the payment in principal and interest of any duly authorized loan of a school board.