Part II Aerodromes and Other Land

Miscellaneous provisions as to aerodromes

34 Financial assistance for certain aerodromes.

1

Subject to subsection (2) below, the Secretary of State may, with the approval of the Treasury, make grants or loans—

a

in respect of any expenses incurred or to be incurred by any person—

i

in investigating the need for, or for the expansion of, an aerodrome in any part of Great Britain;

ii

in establishing or expanding any such aerodrome;

iii

in maintaining any such aerodrome or in providing or maintaining, in connection therewith, roads, approaches, apparatus, equipment, buildings or other accommodation;

b

for making good any losses incurred by any person in the operation of, or in the provision of any services at, any such aerodrome.

2

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3

Any loan made under this section shall be repaid to the Secretary of State at such times and by such methods, and (except in the case of a loan made free of interest) interest thereon shall be paid to the Secretary of State at such rates and at such times, as he may with the approval of the Treasury from time to time direct.