The Secretary of State may, . . ., give financial assistance—
and may, . . ., make payments otherwise than by way of financial assistance in pursuance of arrangements made with any such person.
For this purpose—
Subsection (2)(a) applies to the following bodies—
The reference in subsection (2)(a) to a body within subsection (2A) includes the Secretary of State if he has the interest as the result of the exercise by him (or Housing for Wales) of functions under Part III of the Housing Associations Act 1985.
The Secretary of State may, . . ., give financial assistance—
and may, . . ., make payments otherwise than by way of financial assistance in pursuance of arrangements made with any such person.
Financial assistance given by the Secretary of State under subsection (1) or (3) may be given in any form, and may in particular be given by way of grants, loans or guarantees or by incurring expenditure for the benefit of the person assisted; but the Secretary of State shall not in giving such assistance purchase loan or share capital in a company.
Financial assistance may be given and other payments made on such terms as the Secretary of State, . . ., considers appropriate; and the terms may, in particular, include provision as to the circumstances in which the assistance or other payment must be repaid or otherwise made good to the Secretary of State and the manner in which that is to be done.
A person receiving financial assistance under this section shall comply with the terms on which it is given and compliance may be enforced by the Secretary of State.