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The National Health Service Estate Management and Health Building Agency Trading Fund Order 1999
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- 1999 No. 641
- Explanatory Note
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Explanatory Note
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This Order provides for the setting up as from the 1st April 1999 of a fund with public money under the Government Trading Funds Act 1973 for the operations of the National Health Services Estate Management and Health Building Agency. The fund is to be known as the NHS Estates Trading Fund.
The Order designates the Secretary of State for Health as the authorised lender to the fund and imposes a limit of £3,000,000 on the amount which may be lent to it. It provides for the assets and liabilities set out in Schedule II to the Order to be appropriated to the fund and for 50% of the amount by which the values of the assets exceed the amounts of the liabilities to be treated as public dividend capital. (The estimated value of the assets is £1,700,000 and the estimated amount of the liabilities is £1,300,000.)
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