Part VIFinancial provisions in relation to the Authority
Chapter IIIGrants and Loans
Grants to the Authority
146Revenue grants
(1)
The Secretary of State may, with the approval of the Treasury, make grants to the Authority of such amounts as he thinks fit.
(2)
The payment by the Secretary of State of a grant under this section shall be on such terms as he may, with the approval of the Treasury, provide.
(3)
The Secretary of State shall—
(a)
prepare in respect of each financial year an account of the sums paid by him to the Authority under this section; and
(b)
before the end of September in the following financial year send that account to the Comptroller and Auditor General;
and the form of the account and the manner of preparing it shall be such as the Treasury may direct.
(4)
The Comptroller and Auditor General shall examine, certify and report on each account sent to him under this section and shall lay copies of it and of his report before each House of Parliament.