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 England shall not exceed £5,000 million or such other sum not exceeding £10,000 million as may be specified by order made by the Secretary of State with the consent of the Treasury.
(2)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 Wales shall not exceed £300 million or such other sum not exceeding £600 million as may be specified by order made by the Secretary of State with the consent of the Treasury.
(3)The references in sub-paragraphs (1) and (2) above to sums borrowed do not include a reference to NHS trusts’ initial loans.
Textual Amendments
F1Words in Sch. 3 para. 3(1)(2) substituted (retrospectively) by 1999 c. 8, s. 13(9)(10); S.I. 1999/2540, art. 2(1)(a), Sch. 1; S.I. 1999/3184, art. 2(1), Sch. 1
4Any power to make an order under paragraph 3 above shall be exercisable by statutory instrument which shall be subject to annulment in pursuance of a resolution of the House of Commons.