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National Health Service (Wales) Act 2006
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- UK Public General Acts
- 2006 c. 42
- SCHEDULE 4
- Paragraph 3
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Borrowing
3(1)For the purpose of its functions an NHS trust may borrow (both temporarily, by way of overdraft, and longer term) from the Welsh Ministers or from any other person.
(2)Sub-paragraph (1) is subject to any direction given by the Welsh Ministers under section 19, 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 Welsh Ministers must determine the terms of any loan made by them to an NHS trust (including terms as to the payment of interest, if any).
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