1For the purposes of section 9(1)(b) (control by Corporation of dispositions of land by unregistered housing associations) " grant-aided land " means land—
(a)in respect of which a payment of a description specified in paragraph 2 falls or fell to be made in respect of a period ending after 24th January 1974, or
(b)on which is, or has been, secured a loan of a description specified in paragraph 3 in respect of which a repayment (by way of principal or interest or both) falls or fell to be made after 24th January 1974.