(1)The regulator may give financial or other assistance to [F1the registered provider] for the purpose of preserving its position pending the agreement of proposals.
(2)The regulator may give financial or other assistance to [F2the registered provider], or a manager appointed under section 155, to facilitate the implementation of agreed proposals.
(3)In particular, the regulator may—
(a)lend staff;
(b)arrange payment of the manager's remuneration and expenses.
(4)The regulator may do the following only with the Secretary of State's consent—
(a)make grants,
(b)make loans,
(c)indemnify a manager,
(d)make payments in connection with secured loans, and
(e)guarantee payments in connection with secured loans.
Textual Amendments
F1Words in s. 158(1) substituted (1.4.2010) by The Housing and Regeneration Act 2008 (Registration of Local Authorities) Order 2010 (S.I. 2010/844), art. 1(2), Sch. 1 para. 31
F2Words in s. 158(2) substituted (1.4.2010) by The Housing and Regeneration Act 2008 (Registration of Local Authorities) Order 2010 (S.I. 2010/844), art. 1(2), Sch. 1 para. 31
Commencement Information
I1S. 158 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)