Energy Act 2016

15Payments and financial assistanceU.K.

This section has no associated Explanatory Notes

(1)The Secretary of State may make payments or provide financial assistance to the OGA.

(2)The payments or financial assistance may be made or provided subject to such conditions as may be determined by the Secretary of State.

(3)In the case of a grant such conditions may, in particular, include conditions requiring repayment in specified circumstances.

(4)In this section “financial assistance” means grants, loans, guarantees or indemnities, or any other kind of financial assistance.

Commencement Information

I1S. 15 in force at 1.10.2016 by S.I. 2016/920, reg. 2(a)