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National Health Service Act 2006
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Changes over time for: Cross Heading: Borrowing
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National Health Service Act 2006, Cross Heading: Borrowing is up to date with all changes known to be in force on or before 25 February 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.
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BorrowingE+W
3(1)For the purpose of its functions an NHS trust may borrow (both temporarily, by way of overdraft, and longer term) from the Secretary of State or from any other person.E+W
(2)Sub-paragraph (1) is subject to any direction given by the Secretary of State under section 8, to the provisions of this paragraph and to any limit imposed under this Schedule.
(3)An NHS trust may not mortgage or charge any of its assets or in any other way use any of its assets as security for a loan.
(4)The Secretary of State must determine the terms of any loan made by him to an NHS trust (including terms as to the payment of interest, if any).
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