17 Borrowing.E+W
(1)Schedule 3 to the 1990 Act is amended as follows.
(2)In paragraph 1 (borrowing powers of NHS trusts), in sub-paragraph (1), after “Subject to” there is inserted “ any direction given by the Secretary of State under section 17 of the principal Act, to ”.
(3)Sub-paragraphs (3) to (5) of that paragraph are omitted.
(4)For sub-paragraph (6) of that paragraph there is substituted—
“(6)It shall be for the Secretary of State, with the consent of the Treasury, to determine the terms of any loan made by him to an NHS trust (including terms as to the payment of interest, if any).”
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Commencement Information
I1S. 17 wholly in force at 1.11.1999; s. 17 not in force at Royal Assent see s. 67(1); s. 17 in force (E.) at 1.9.1999 by S.I. 1999/2342, art. 2(1), Sch. 1; s. 17 in force (W.) at 1.11.1999 by S.I. 1999/3184 (W.42), art. 2(1), Sch. 1