(1)The Secretary of State may pay to the Authority grants of such amounts in respect of expenditure incurred or to be incurred by the Authority in the exercise, or in any particular exercise, of any of the Authority’s tourism functions as he may with the consent of the Treasury determine.
(2)A grant under subsection (1) above may be made subject to such conditions as the Secretary of State may, with the consent of the Treasury, determine.
(3)The conditions that may be imposed by virtue of subsection (2) above include in particular—
(a)conditions with respect to the keeping, and production for inspection, of accounts and records;
(b)conditions relating to the level of performance to be achieved by the Authority in respect of any of its tourism functions and the consequences of failure to achieve that level; and
(c)conditions requiring repayment of the grant in whole or in part.