The National Health Service Estate Management and Health Building Agency Trading Fund Order 1999
© Crown Copyright 1999
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(1) It appears to the Secretary of State for Health ("the Secretary of State") that:-
(b) the financing of the operations in question by means of such a fund would be in the interests of the improved efficiency and effectiveness of the management of those operations.
(2) The Secretary of State having considered that the operations in question consist substantially in the provision of goods or services in the United Kingdom otherwise than to departments of Her Majesty's Government and that an opportunity to make representations to him should be given, has, in accordance with section 1(3) of the 1973 Act, taken such steps as appear to him appropriate to give an opportunity to such persons as appear to him appropriate to make representations to him and has, in accordance with section 6(4) of that Act, laid before Parliament a report about the representations received and his conclusions.
(1) All the operations of the National Health Service Estate Management and Health Building Agency carried out in connection with the performance of the following functions:-
(ii) assistance to any health service body as defined in section 4(1) of the National Health Service and Community Care Act 1990 to secure maximum value for money from both capital investment and revenue expenditure by helping them to rationalise, maintain and renew the estate. Provisions of these and related services to wider markets;
(iii) any operations of the National Health Service Estate Management and Health Building Agency which are incidental, conducive or ancillary to the operations described in paragraphs (i) and (ii) above.
1. Plant and equipment (including computers, and fixtures and fittings) as at 1st April 1999 used or allocated for use in the funded operations.
2. Computer software as at 1st April 1999 used or allocated for use in the funded operations.
3. Intangible assets, if any, including intellectual property, arising from the funded operations as carried on up to 1st April 1999.
4. Work in progress arising from the funded operations as carried on up to 1st April 1999.
5. Sundry debtors and cash as at 1st April 1999 arising from the funded operations.
1. Sundry creditors and accruals as at 1st April 1999 arising from the funded operations.
2. Payments received in advance in respect of services to be rendered on or after 1st April 1999.
(This note is not part of the Order)
This Order provides for the setting up as from the 1st April 1999 of a fund with public money under the Government Trading Funds Act 1973 for the operations of the National Health Services Estate Management and Health Building Agency. The fund is to be known as the NHS Estates Trading Fund.
The Order designates the Secretary of State for Health as the authorised lender to the fund and imposes a limit of £3,000,000 on the amount which may be lent to it. It provides for the assets and liabilities set out in Schedule II to the Order to be appropriated to the fund and for 50% of the amount by which the values of the assets exceed the amounts of the liabilities to be treated as public dividend capital. (The estimated value of the assets is £1,700,000 and the estimated amount of the liabilities is £1,300,000.)
 1973 c. 63, as amended by the Government Trading Act 1990 (c. 30) ("the 1990 Act"). The 1973 Act, as so amended, is set out in Schedule 1 to the 1990 Act. Section 2 of the 1973 Act, as so amended, was further amended by section 119 of the Finance Act 1991 (c. 31).back
ISBN 0 11 082155 6
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