Health and Social Care Act 2012

146Shortfall or excess of available funds, etc.E+W
This section has no associated Explanatory Notes

(1)The Secretary of State may provide financial assistance to [F1NHS England] 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 [F1NHS England] 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 [F1NHS England] to transfer to the Secretary of State such funds as are available from the mechanism.

Textual Amendments

Commencement Information

I1S. 146 partly in force; s. 146 in force for specified purposes at Royal Assent, see s. 306(1)(d)