Version Superseded: 01/10/1999
Point in time view as at 31/03/1995.
National Health Service (Scotland) Act 1978, Cross Heading: Limits on indebtedness is up to date with all changes known to be in force on or before 06 March 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.
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.
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