Care Act 2014 (c. 23)

Valid from 15/07/2014

SCHEDULES

Valid from 01/10/2014

SCHEDULE 5 U.K. Health Education England

PART 3 E+W Finance and reports

Valid from 01/04/2015

Financial duties: controls on total resource use E+W

22 (1) HEE must ensure that— E+W

(a) its use of capital resources in a financial year does not exceed the amount specified by the Secretary of State, and

(b) its use of revenue resources in a financial year does not exceed the amount specified by the Secretary of State.

(2) The Secretary of State may, in relation to a financial year, direct that for the purposes of this paragraph—

(a) resources of a specified description are, or are not, to be treated as capital resources or revenue resources;

(b) a specified use of capital resources or revenue resources is, or is not, to be taken into account.

(3) An amount specified for the purposes of sub-paragraph (1)(a) or (b) may be varied only if—

(a) HEE agrees,

(b) a parliamentary general election takes place, or

(c) the Secretary of State considers that exceptional circumstances make the variation necessary.

(4) A reference to the use of capital resources or revenue resources is a reference to their expenditure, consumption or reduction in value.