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Version Superseded: 01/07/2022
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(1)In this Chapter—
“total capital resource use”, in relation to a financial year, means the use of capital resources in that year by the Board and clinical commissioning groups (taken together);
“total revenue resource use”, in relation to a financial year, means the use of revenue resources in that year by the Board and clinical commissioning groups (taken together).
(2)The Board must ensure that total capital resource use in a financial year does not exceed the amount specified by the Secretary of State.
(3)The Board must ensure that total revenue resource use in a financial year does not exceed the amount specified by the Secretary of State.
(4)The Secretary of State may give directions, in relation to a financial year, specifying descriptions of resources which must, or must not, be treated as capital resources or revenue resources for the purposes of this Chapter.
(5)The Secretary of State may give directions, in relation to a financial year, specifying uses of capital resources or revenue resources which must not be taken into account for the purposes of this Chapter.
(6)The Secretary of State may give directions, in relation to a financial year, specifying uses of capital resources or revenue resources which must be taken into account for the purposes of this section.
(7)The amount specified for the purposes of subsection (2) or (3) may be varied only if—
(a)the Board agrees to the change,
(b)a parliamentary general election takes place, or
(c)the Secretary of State considers that there are exceptional circumstances which make the variation necessary.
(8)Any reference in this Chapter to the use of capital resources or revenue resources is a reference to their expenditure, consumption or reduction in value.]
Textual Amendments
F1Ss. 223B-223F and cross-heading inserted (27.3.2012 for specified purposes, 1.10.2012 for specified purposes, 1.4.2013 in so far as not already in force) by Health and Social Care Act 2012 (c. 7), ss. 24, 306(1)(d)(4); S.I. 2012/1831, art. 2(2); S.I. 2013/160, art. 2(2) (with arts. 7-9)
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