Limits on indebtednessS
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 Scotland shall not exceed £500 million or such other sum not exceeding £1,000 million as may be specified by order made by the Secretary of State with the consent of the Treasury.
(2)The reference in sub-paragraph (1) to sums borrowed does not include a reference to the initial loan of NHS trusts.
Textual Amendments
F1Words in Sch. 7B para. 3(1) substituted (retrospectively) by 1999 c. 8, s. 46(7)(8); S.S.I. 1999/90, art. 2(a), Sch. 1
4Any power to make an order under paragraph 3 shall be exercisable by statutory instrument which shall be subject to annulment in pursuance of a resolution of the House of Commons.