SCHEDULES

SCHEDULE 5Health Education England

PART 3Finance and reports

Financial duties: expenditure

I120

1

HEE must ensure that total expenditure attributable to its exercise of its functions in each financial year (its “total spending”) does not exceed the aggregate of—

a

the amount allotted to it for that year under paragraph 19,

b

the income generated in that year from carrying out activities for the purposes of or in connection with the exercise of its functions, and

c

any other sums received by it in that year for the purpose of enabling it to meet such expenditure.

2

The Secretary of State may direct that spending of a specified description is, or is not, to be treated for the purposes of sub-paragraph (1) as part of HEE's total spending.

3

The Secretary of State may by directions determine—

a

the extent to which, and circumstances in which, sums received by HEE under paragraph 19 but not yet spent are to be treated for the purposes of sub-paragraph (1) as part of HEE's total spending, and

b

to which financial year those sums are to be attributed.

4

The Secretary of State may direct HEE to use specified banking facilities for specified purposes.