PART IV

Property and Finance

Trusts

Application of trust property: further provisions
94
1
Any discretion given by a trust instrument to the trustees of property transferred under—
a
section 24 of the National Health Service Reorganisation Act 1973 (transfer of trust property from abolished authorities),
b
section 25 of that Act (transfer of trust property held for health services by local health authorities),
c
section 92 above,
shall be exercisable by the person to whom the property is so transferred and, subject to section 93 above and the following provisions of this section, the transfer shall not affect the trusts on which the property is held.
2
Where—
a
property has been transferred under section 24 of that Act of 1973, and
b
any discretion is given by a trust instrument to the trustees to apply the property, or income arising from the property, to such hospital services (including research) as the trustees think fit without any restriction on the kinds of hospital services and without any restriction to one or more specified hospitals,
the discretion shall be enlarged so as to allow the application of the property or (as the case may be) of the income arising from the property, to such extent as the trustees think fit, for any other part of the health service associated with any hospital.
3
Subsection (2) above shall apply on any subsequent transfer of the property under section 92 above.