- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Health and Personal Social Services Act (Northern Ireland) 2001
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Existing [F1HSC trusts]: conversion of initial loanN.I.
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46.—(1) This section applies to any [F2HSC trust] in existence immediately before commencement.
(2) On commencement so much of the originating capital debt of the [F2HSC trust] as remains outstanding immediately before commencement is to be treated as the originating capital of the [F2HSC trust] and accordingly is public dividend capital.
(3) Any reference in any statutory provision, instrument or other document to the originating capital debt of the [F2HSC trust] is to be construed (except where the context otherwise requires) as a reference to its originating capital.
(4) The Department may with the consent of the Department of Finance and Personnel determine the amount and time for payment of interest on the [F1HSC trust's] initial loan in respect of the period ending with commencement.
(5) In this section—
“commencement” means the coming into operation of this section;
“initial loan” means that part of a trust's originating capital debt other than public dividend capital.
F1Words in Act substituted (1.4.2009) by virtue of Health and Social Care (Reform) Act (Northern Ireland) 2009 (c. 1), ss. 32, 34(3), Sch. 6 para. 1(1)(d) (with Sch. 6 para. 1(3)); S.R. 2009/114, art. 2
F2Words in Act substituted (1.4.2009) by Health and Social Care (Reform) Act (Northern Ireland) 2009 (c. 1), ss. 32, 34(3), Sch. 6 para. 1(1)(d) (with Sch. 6 para. 1(3)); S.R. 2009/114, art. 2
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