National Health Service Reorganisation Act 1973 (c. 32)

PART II Abolition of certain authorities and transfer of property, staff and endowments etc.

Hospital endowments etc.

23 Winding-up of Hospital Endowments Fund

(1) The Hospital Endowments Fund shall be wound up by the Secretary of State, and the winding up shall be completed by 31st March 1974 or as soon after as is practicable.

(2) The Secretary of State shall by order provide for the distribution of the assets of the Hospital Endowments Fund among the following authorities and bodies, that is—

• Regional Health Authorities,

• Area Health Authorities, and

• Special Trustees,

or among such of those authorities or trustees as are specified in the order, in such proportions or up to such amounts as may be so specified.