1. For the purposes of [F1Article 13A] “grant-aided land” means land—N.I.
(a)in respect of which such payment as is specified in paragraph 2 falls to be made in respect of a period ending after 10th November 1976; or
(b)on which is or has been secured a loan which is of a description specified in paragraph 3 and in respect of which any repayment (whether by way of principal or interest or both) falls to be made after that date.
F1Words in Sch. 2 para. 1 substituted (29.8.2020) by Housing (Amendment) Act (Northern Ireland) 2020 (c. 5), ss. 1(2)(b), 10(2)