SCHEDULES
SCHEDULE 5Health Education England
PART 3Finance and reports
22Financial duties: controls on total resource use
1
HEE must ensure that—
a
its use of capital resources in a financial year does not exceed the amount specified by the Secretary of State, and
b
its use of revenue resources in a financial year does not exceed the amount specified by the Secretary of State.
2
The Secretary of State may, in relation to a financial year, direct that for the purposes of this paragraph—
a
resources of a specified description are, or are not, to be treated as capital resources or revenue resources;
b
a specified use of capital resources or revenue resources is, or is not, to be taken into account.
3
An amount specified for the purposes of sub-paragraph (1)(a) or (b) may be varied only if—
a
HEE agrees,
b
a parliamentary general election takes place, or
c
the Secretary of State considers that exceptional circumstances make the variation necessary.
4
A reference to the use of capital resources or revenue resources is a reference to their expenditure, consumption or reduction in value.