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| Financial assistance. |
6. - (1) Financial assistance may be provided under this Act-
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(a) by way of grant or loan, |
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(b) in the form of a guarantee, or |
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(c) by the Secretary of State acquiring securities of a company. |
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(2) More than one form of financial assistance may be provided in any case.
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(3) In this section-
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"company" includes any body corporate, wherever registered; and |
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"securities", in relation to a company, means shares (including stock), debentures, bonds and other securities, whether constituting a charge on the assets of the company or not. |
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(4) This section is subject to section 7(3) (Treasury approval required for certain financial assistance).
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| Terms on which assistance is provided. |
7. - (1) The Secretary of State may provide assistance under this Act on such terms and conditions (if any) as he may determine.
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(2) Assistance, other than financial assistance, may be provided-
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(b) on such terms as to payment as the Secretary of State may determine. |
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(3) Financial assistance (other than a grant) may be provided under this Act only if the Treasury have approved the terms and conditions on which it is provided.
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(4) Approval may be given either with respect to a particular case or with respect to a class of cases.
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| Arrangements with third parties. |
8. - (1) Any power conferred on the Secretary of State by sections 1 to 4 to provide assistance to any person or body, or carry on any other activities, includes a power to enter into arrangements to secure that such assistance is provided, or (as the case may be) activities are carried on, by one or more other persons.
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(2) The arrangements may provide for the Secretary of State to make payments to persons who provide facilities in pursuance of the arrangements.
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Powers of statutory bodies |
| Powers of statutory bodies. |
9. - (1) Each of the statutory bodies mentioned in Schedule 2 may enter into and carry out agreements for the purpose of-
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(a) furthering sustainable development in one or more countries outside the United Kingdom, |
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(b) improving the welfare of the population of one or more such countries, or |
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(c) alleviating the effects of a natural or man-made disaster or other emergency on the population of one or more such countries. |
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(2) An agreement entered into by a statutory body under this section ("an authorised agreement") must not make provision for the body to provide financial assistance.
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(3) Before entering into an authorised agreement, the statutory body must obtain the consent of the Secretary of State.
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(4) The Secretary of State may give his consent for that purpose-
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(a) where the statutory body concerned is a Scottish body or is within section 10(1)(b), only with the approval of the Scottish Ministers, and |
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(b) where the statutory body concerned is a Welsh body, only with the approval of the National Assembly for Wales. |
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(5) An order may be made under this subsection to amend Schedule 2 by making additions to or deletions from the statutory bodies for the time being listed there.
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(6) The power conferred by subsection (5) is exercisable-
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(a) in the case of any order relating to a Scottish body, by the Scottish Ministers, |
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(b) in the case of any order relating to a statutory body within section 10(1)(b), by the Secretary of State acting with the consent of the Scottish Ministers, |
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(c) in the case of any order relating to a Welsh body, by the National Assembly for Wales, and |
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(d) in any other case, by the Secretary of State. |
| Meaning of "Scottish body", "Welsh body", etc. |
10. - (1) For the purposes of section 9-
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(a) "Scottish body" means a statutory body all of whose functions meet the following requirements, namely- |
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(i) they are exercisable in or as regards Scotland, and
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(ii) they do not relate to reserved matters (within the meaning of the Scotland Act 1998); and
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(b) a body falls within this paragraph if it has, in addition to other functions, functions that meet the requirements of paragraph (a)(i) and (ii). |
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(2) For the purposes of that section "Welsh body" means a statutory body-
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(a) whose functions are exercisable only or mainly in or as regards Wales, and |
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(b) which is not designated by the Secretary of State, by order, as an excluded statutory body for the purposes of this section. |
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(3) Before making an order under subsection (2), the Secretary of State shall consult the National Assembly for Wales.
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