20(1)There may be paid out of money provided by Parliament expenditure incurred by the Secretary of State for the purpose of making payments in respect of the Secretary of State's obligations under an investment contract, whether entered into before or after this Schedule comes into force.U.K.
(2)There may be paid out of money provided by Parliament expenditure incurred by the Secretary of State for the purpose of, or in connection with—
(a)obtaining advice and assistance in relation to investment contracts (including in relation to entering into an investment contract);
(b)the establishment of an investment contract counterparty;
(c)making payments or providing financial assistance to an investment contract counterparty.
(3)Financial assistance or payments includes financial assistance or payments given subject to such conditions as may be determined by, or in accordance with arrangements made by, the Secretary of State; and such conditions may in particular in the case of a grant include conditions for repayment in specified circumstances.
(4)In this paragraph, “financial assistance” means grants, loans, guarantees or indemnities, or any other kind of financial assistance.