213Financial assistanceE+W
(1)An MDC may, with the consent of the Mayor, give financial assistance to any person.
(2)Financial assistance under this section may be given in any form.
(3)Financial assistance under this section may, in particular, be given by way of—
(a)grants,
(b)loans,
(c)guarantee or indemnity,
(d)investment, or
(e)incurring expenditure for the benefit of the person assisted.
(4)Financial assistance under this section may be given on such terms and conditions as the MDC giving it considers appropriate (including provision for repayment, with or without interest).
Modifications etc. (not altering text)
C1Pt. 8 Ch. 2 applied (with modifications) (7.5.2024) by The North East Mayoral Combined Authority (Establishment and Functions) Order 2024 (S.I. 2024/402), arts. 1(3), 40(1), Sch. 6 (with art. 9)
C2Pt. 8 Ch. 2 applied (with modifications) (7.5.2024) by The North East Mayoral Combined Authority (Establishment and Functions) Order 2024 (S.I. 2024/402), arts. 1(3), 40(2), Sch. 6 (with art. 9)
C3Pt. 8 Ch. 2 applied (with modifications) (20.12.2023) by The York and North Yorkshire Combined Authority Order 2023 (S.I. 2023/1432), arts. 1(2), 11(1)(2), Sch. 3