Health and Social Care Act 2012 (c. 7)

PART 3 U.K. Regulation of health and adult social care services

CHAPTER 6 E+W Financial assistance in special administration cases

Supplementary E+W

146 Shortfall or excess of available funds, etc. E+W

(1) The Secretary of State may provide financial assistance to Monitor if the Secretary of State is satisfied that—

(a) there are insufficient funds available from a mechanism established under section 134, or

(b) the mechanism is otherwise unable to operate effectively.

(2) If the Secretary of State is satisfied that the level of funds available from a mechanism established under section 134 exceeds the level that is necessary, the Secretary of State may direct Monitor to transfer the excess to the Secretary of State.

(3) If the Secretary of State is satisfied that a mechanism established under section 134 has become dormant, or if a mechanism so established is being wound up, the Secretary of State may direct Monitor to transfer to the Secretary of State such funds as are available from the mechanism.

Commencement Information

I1 S. 146 partly in force; s. 146 in force for specified purposes at Royal Assent, see s. 306(1)(d)