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Paragraph 27 I1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

The Secretary of State may make a payment to the Authority—

(a)

by way of grant (subject to such conditions, if any, as the Secretary of State may specify), or

(b)

by way of loan (on such terms, as to interest or otherwise, as the Secretary of State may specify).

Annotations

Commencement

I1

Sch. 4 para. 27 in force at 1.7.2004 by S.I. 2004/1572, art. 3(iii)