The Health Act 1999 (Fund-holding Practices) (Transfer of Assets, Savings, Rights and Liabilities and Transitional Provisions) (Wales) Order 2000

Transfer of assets

2.—(1) The allotted sum, or any remaining part of it, for the financial year 1999-2000, or any previous year, whether held by the former members of the fund-holding practice or by the Health Authority, shall on 1st April 2000 be transferred to the Health Authority.

(2) On 1st April 2000 the Health Authority shall be substituted as the account holder of the fund-holding account.

(3) The Health Authority shall deal with the allotted sum transferred under paragraph (1) in accordance with articles 4 to 8.