# Horserace Betting and Olympic Lottery Act 2004, Paragraph 23

Extent: E+W+S

(1) The Secretary of State... may pay money to the Distributor for the purpose of enabling it to meet expenditure.
(2) A payment under sub-paragraph (1)—
(a) may not be used to make grants or loans under section 30,
(b) may be made only where the Secretary of State... thinks the Distributor’s income is or is likely to be insufficient to meet the expenditure to which the payment relates, and
(c) may be made on conditions (which may include conditions about repayment).

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Source: https://www.legislation.gov.uk/ukpga/2004/25/schedule/5/paragraph/23 (the official version)
Page: https://openlegislation.uk/horserace-betting-and-olympic-lottery-act-2004/schedule-5/paragraph-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.