(1)The Secretary of State may make grants to the NDA.
(2)Grants made under this section are to be on such terms as the Secretary of State may determine.
(3)The NDA must pay to the Secretary of State all sums received by it otherwise than under subsection (1).
(4)The Secretary of State must pay sums received by him under subsection (3) into the Consolidated Fund.
(5)In determining—
(a)whether to make a grant under this section to the NDA, and
(b)the amount of such a grant,
the Secretary of State must have regard, in particular, to the extent to which he considers that the NDA should exercise its power to make grants or loans of the kind mentioned in section 10(2)(c) in order to mitigate the effects of the cessation (whether before or after designation) of the operation of a designated installation.
Commencement Information
I1S. 22 in force at 24.8.2004 by S.I. 2004/2184, art. 2(1), Sch. 1