- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
45.—(1) Article 14 of the 1991 Order (originating capital debt of, and other financial provisions relating to, HSS trusts) shall be amended in accordance with subsections (2) to (6).
(2) In paragraphs (1), (2) and (3), for “originating capital debt” there shall be substituted “originating capital”.
(3) For paragraph (4) there shall be substituted—
“(4) An HSS trust’s originating capital shall be public dividend capital.”.
(4) Paragraphs (5) and (6) shall cease to have effect.
(5) In paragraph (7) for the words from “the terms” to the end there shall be substituted
(a)the dividend which is to be payable at any time on any public dividend capital issued, or treated as issued, under this Order;
(b)the amount of any such public dividend capital which is to be repaid at any time;
(c)any other terms on which any public dividend capital is so issued or treated as issued.”.
(6) In paragraph (8) the words “, (5), (6)” shall cease to have effect.
(7) In Schedule 4 to the 1991 Order—
(a)in paragraph 3 (limits on indebtedness), sub-paragraph (2) shall cease to have effect;
(b)in paragraph 4 (additional public dividend capital), sub-paragraph (2) shall cease to have effect.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Text created by the Northern Ireland Assembly department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes accompany all Acts of the Northern Ireland Assembly.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: