(1)If in the opinion of the Commission any relevant expenditure has made or will make a significant contribution towards the preservation or enhancement of the character or appearance of any conservation area situated in England or any part of such an area, they may make grants or loans for the purposes of defraying the whole or part of that expenditure.
(2)If in the opinion of the Secretary of State any relevant expenditure has made or will make a significant contribution towards the preservation or enhancement of the character or appearance of any conservation area situated in Wales or any part of such an area, he may make grants or loans for the purposes of defraying the whole or part of that expenditure.
(3)Expenditure is relevant for the purposes of subsection (1) or (2) if it has been or is to be incurred in or in connection with, or with a view to the promotion of, such preservation or enhancement as is mentioned in that subsection.
(4)A grant or loan under this section may be made subject to such conditions as the Commission or, as the case may be, the Secretary of State may think fit to impose.
(5)Any loan under subsection (1) shall be made on such terms as to repayment, payment of interest and otherwise as the Commission may determine.
(6)Any loan under subsection (2) shall be made on such terms as to repayment, payment of interest and otherwise as the Secretary of State may with the approval of the Treasury determine.
(7)Unless the making of a grant or loan under this section appears to the Secretary of State to be a matter of immediate urgency, before making the grant or loan, the Secretary of State shall consult the Historic Buildings Council for Wales as to its making and the conditions subject to which it should be made.
(8)The Secretary of State may pay such remuneration and allowances as he may with the approval of the Treasury determine to any member of the Historic Buildings Council for Wales by whom services are rendered in connection with any question as to the exercise of his powers under this section.
(9)If any such member is also a member of the House of Commons, those payments shall extend only to allowances in respect of travelling and subsistence expenses, and any other expenses necessarily incurred by him in connection with those services.