163 Financial powers etc
Health and Social Care Act 2012 (2012 c 7) | Legislation

Finance

163  Financial powers etc

(1)     At the end of section 40 of the National Health Service Act 2006 (power of Secretary of State to give financial assistance to NHS foundation trusts), insert—

“(5)     As soon as is practicable after the end of each financial year, the Secretary of State must prepare a report on the exercise of the power under subsection (1).

(6)     In relation to each exercise of the power under that subsection during the year to which the report relates, the report must specify the amount of the loan, issue of public dividend capital, grant or other payment and—

(a)     in the case of a loan, the amount (if any) outstanding at the end of the year and the other terms on which the loan was made,

(b)     in the case of an issue of public dividend capital, the terms on which it was issued (or, where a decision under section 42(3) is made in relation to it during that year, the terms so decided as those on which it is treated as having been issued), and

(c)     in the case of a grant

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