146Shortfall or excess of available funds, etc.E+W
(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
F1Words in s. 146(1)-(3) substituted (1.7.2022) by Health and Care Act 2022 (c. 31), s. 186(6), Sch. 5 para. 89; S.I. 2022/734, reg. 2(a), Sch. (with regs. 13, 29, 30)
Commencement Information
I1S. 146 partly in force; s. 146 in force for specified purposes at Royal Assent, see s. 306(1)(d)