SCHEDULES

F1SCHEDULE 7B Financial Provisions relating to NHS Trusts

Annotations:
Amendments (Textual)

Limits on indebtedness

3

1

The aggregate of all sums borrowed by NHS trusts F2which 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.

4

Any 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.