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Local Employment Act 1972

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This is the original version (as it was originally enacted).

15Additional powers for safeguarding loans

(1)Where in the case of any undertaking a loan has been made under this Act and the Secretary of State is satisfied, in accordance with recommendations of the advisory committee, that with a view to enabling all or part of the moneys lent to be recovered it is expedient to provide further financial assistance for the purposes of the undertaking, the Secretary of State may provide such further assistance of such amount and on such terms and conditions as may be recommended by the committee.

(2)Section 4(5) of this Act shall apply in relation to recommendations under this section.

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