1. For the purposes of Article 13 “grant-aided land” means land—
(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.