26(1)The Secretary of State F1... may give financial assistance to the Authority if he thinks that other sources of financial assistance will or may be insufficient for a purpose.U.K.
(2)Financial assistance under sub-paragraph (1)—
(a)may take the form of grants, loans, guarantees or indemnities, and
(b)may be given on conditions (which may include conditions about repayment with or without interest).
Textual Amendments
F1Words in Sch. 1 para. 26 omitted (7.7.2010) by virtue of Secretary of State for Culture, Olympics, Media and Sport Order 2010 (S.I. 2010/1551), art. 1(2), Sch. para. 8(1)(r)
27U.K.The Authority may accept gifts.