National Health Service (Scotland) Act 1978

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.

F2(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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.