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Health and Medicines Act 1988

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This is the original version (as it was originally enacted).

2Powers of Secretary of State

(1)The Secretary of State may by regulations made by statutory instrument with the consent of the Treasury make provision—

(a)for guaranteeing the whole or any part of the liability incurred by any person for payments in respect of a loan made to that person in connection with premises to be wholly or partly used by that person for the provision of general medical services under Part II of the [1977 c. 49.] National Health Service Act 1977 or Part II of the [1978 c. 29.] National Health Service (Scotland) Act 1978; and

(b)for indemnifying a person who has made such a loan to such a person against the whole or any part of any loss arising in connection with the loan.

(2)Sums required to fulfil a guarantee or indemnity under this section shall be paid out of money provided by Parliament.

(3)A statutory instrument containing regulations under this section shall be subject to annulment in pursuance of a resolution of either House of Parliament.

(4)Any power conferred on the Secretary of State by the articles of association of the successor company shall be exercisable in the national interest notwithstanding any rule of law and the provisions of any enactment.

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