24 Financial arrangements for the Board
Health and Social Care Act 2012 (2012 c 7) | Legislation

24  Financial arrangements for the Board

Before the cross-heading preceding section 224 of the National Health Service Act 2006 insert—

“The Board

223B Funding of the Board

(1)     The Secretary of State must pay to the Board in respect of each financial year sums not exceeding the amount allotted for that year by the Secretary of State towards meeting the expenditure of the Board which is attributable to the performance by it of its functions in that year.

(2)     An amount is allotted to the Board for a financial year under this section when the Board is notified in writing by the Secretary of State that the amount is allotted to it for that year.

(3)     The Secretary of State may make a new allotment under this section increasing or reducing the allotment previously so made only if—

(a)     the Board agrees to the change,

(b)     a parliamentary general election takes place, or

(c)     the Secretary of State considers that there are exceptional circumstances that make a new allotment necessary.

(4)     The Secretary of State may give directions to the Board with respect to the payment of sums by it to the Secretary of State in respect of charges

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