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This is the original version (as it was originally enacted).
(1)No expenditure shall be incurred by the Assembly except—
(a)in, or in connection with, the exercise of any of the functions of the Assembly, or
(b)for a purpose for which expenditure is authorised or required to be incurred by the Assembly by any enactment.
(2)The ways in which the Assembly may incur expenditure include, in particular, giving financial assistance (whether by way of grant, loan or guarantee) to any person engaged in any activity which the Assembly considers will secure, or help to secure, the attainment of any objective which the Assembly aims to attain in the exercise of any of its functions.
(3)The Assembly may attach conditions to the giving of financial assistance by the Assembly; and the conditions which may be attached include, in particular, conditions requiring the repayment of the whole or any part of a grant, or the making of any other payments, in any circumstances.
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