172FundingE+W
This section has no associated Explanatory Notes
(1)The Lord Chancellor may—
(a)pay to the Board such sums as the Lord Chancellor may determine as appropriate for the purpose of meeting the expenditure of the Board incurred under or for the purposes of this Act or any other enactment (including any expenditure incurred by it in its capacity as an approved regulator or its capacity as a licensing authority), and
(b)pay to the OLC such sums as the Lord Chancellor may determine as appropriate for the purposes of meeting the expenditure of the OLC incurred under or for the purposes of this Act.
(2)The Lord Chancellor may—
(a)determine the manner in which and times at which the sums mentioned in subsection (1) are to be paid, and
(b)impose conditions on the payment of those sums.