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National Health Service and Community Care Act 1990

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Changes over time for: Cross Heading: Limits on indebtedness

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Version Superseded: 01/09/1999

Status:

Point in time view as at 02/02/1991.

Changes to legislation:

National Health Service and Community Care Act 1990, Cross Heading: Limits on indebtedness is up to date with all changes known to be in force on or before 17 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Limits on indebtednessE+W

3(1)The aggregate of all sums borrowed by NHS trusts [F1which are required to provide services at or from], hospitals or other establishments or facilities which are situated in England shall not exceed £5,000 million or such other sum not exceeding £10,000 million as may be specified by order made by the Secretary of State with the consent of the Treasury.

(2)The aggregate of all sums borrowed by NHS trusts [F1which are required to provide services at or from], hospitals or other establishments or facilities which are situated in Wales shall not exceed £300 million or such other sum not exceeding £600 million as may be specified by order made by the Secretary of State with the consent of the Treasury.

(3)The references in sub-paragraphs (1) and (2) above to sums borrowed do not include a reference to NHS trusts’ initial loans.

Textual Amendments

4Any power to make an order under paragraph 3 above shall be exercisable by statutory instrument which shall be subject to annulment in pursuance of a resolution of the House of Commons.

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