- Y Diweddaraf sydd Ar Gael (Diwygiedig)
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Health Act 1999
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Health Act 1999, Section 16 is up to date with all changes known to be in force on or before 31 January 2025. 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.
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16 Existing NHS trusts: conversion of initial loan.E+W
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Nodiadau Esboniadol
(1)This section applies to any NHS trust in existence immediately before commencement.
(2)On commencement so much of the originating capital debt of the NHS trust as remains outstanding immediately before commencement is to be treated as the originating capital of the NHS trust and accordingly is public dividend capital.
(3)Any reference in any enactment, instrument or other document to the originating capital debt of the NHS trust is to be construed (except where the context otherwise requires) as a reference to its originating capital.
(4)The Secretary of State may with the consent of the Treasury determine the amount and time for payment of interest on the NHS trust’s initial loan in respect of the period ending with commencement.
(5)In this section—
“commencement” means the coming into force of this section,
“initial loan” has the meaning given by section 9(5) of [F1the National Health Service and Community Care Act 1990, prior to the repeal of that section by the National Health Service (Consequential Provisions) Act 2006]
Textual Amendments
F1Words in s. 16(5) substituted (1.3.2007) by National Health Service (Consequential Provisions) Act 2006 (c. 43), ss. 2, 8(2), Sch. 1 para. 195 (with Sch. 3 Pt. 1)
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