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2.—(1) In these Regulations–
“approved expenditure” means expenditure which is approved by the Secretary of State for the purposes of the payment of grant;
“capital expenditure” means expenditure on or in connection with–
the acquisition of any interest in land or buildings;
the provision or alteration of buildings; or
the provision of furniture or equipment otherwise than in the course of periodic maintenance;
“grant” means a grant in pursuance of these Regulations;
“loan” means a loan in pursuance of regulation 9; and
“Universities Funding Council” means the body established by section 131 of the Education Reform Act 1988.
(2) Except when the context otherwise requires, a reference in these Regulations to a regulation is a reference to a regulation contained therein and a reference in a regulation to a paragraph is a reference to a paragraph of that regulation.
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