Commentary on Sections Financial support for companies in administration Section 79: Grants and Loans
342.This section sets out the conditions on which the Secretary of State can make grants or loans to a universal services provider in postal administration.
343.Subsection (2) enables the Secretary of State, with the consent of the Treasury, to make grants or loans to the universal service provider of amounts that the Secretary of State considers to be appropriate for achieving the objective of the postal administration.
344.Subsection (3) provides in general terms that the grants or loans may be made in whatever manner, and on whatever terms, the Secretary of State considers appropriate. Subsections (4) and (5) specify some of the terms which may be included, namely terms requiring: