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The National Health Service (Distribution of Endowment Income Scheme) (Scotland) Regulations 2004
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- Scottish Statutory Instruments
- 2004 No. 47
- Explanatory Note
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Explanatory Note
(This note is not part of these Regulations)
These Regulations prescribe the Distribution of Endowment Income (Scotland) Scheme 2004 (regulation 2 and schedule). This scheme provides for the method by which a Health Board or NHS trust which holds an endowment or endowments on behalf of another Health Board or NHS trust should calculate the amount of income to be distributed by reference to the percentage capital value of the endowment to the capital value of the other endowments held.
Paragraph 3 of the Schedule provides for dates when income is to be distributed, the method of calculating the value of that income of any endowment and for the Scottish Ministers to resolve disputes about the amount to be distributed.
Paragraph 4 of the Schedule provides for the purposes for which the distributed income is to be applied.
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