The National Health Service Estate Management and Health Building Agency Trading Fund Order 1999

• Citation: S.I. 1999/641
• Sections: 12

Section 1 Citation and commencement

This Order may be cited as the National Health Service Estate Management and Health Building Agency Trading Fund Order 1999 and shall come into force on the 1st April 1999.

Section 2 Establishment of the fund

As from 1st April 1999 for such of the operations of that part of the Department of Health known as the National Health Service Estate Management and Health Building Agency as are described in Schedule 1 to this Order, there shall be established a trading fund to be known as the NHS Estates Trading Fund.

Section 3 Source of loans

The Secretary of State for Health is hereby designated as the source of issues to the fund by way of loan.

Section 4 Assets, liabilities and public dividend capital

(1) The Crown assets and liabilities set out in Parts I and II respectively of Schedule 2 to this Order shall be appropriated as assets and liabilities respectively of the fund, at values or amounts determined by the Secretary of State for Health in accordance with Treasury directions.

(2) 50% of the amount by which the values of those assets exceed the amounts of those liabilities shall be treated as public dividend capital.

Section 5 Limitation of indebtedness

The maximum amount that may be issued to the fund by way of loan under section 2B of the 1973 Act shall be £3,000,000.

Section 1

Plant and equipment (including computers, and fixtures and fittings) as at 1st April 1999 used or allocated for use in the funded operations.

Section 1

Sundry creditors and accruals as at 1st April 1999 arising from the funded operations.

Section 2

Computer software as at 1st April 1999 used or allocated for use in the funded operations.

Section 2

Payments received in advance in respect of services to be rendered on or after 1st April 1999.

Section 3

Intangible assets, if any, including intellectual property, arising from the funded operations as carried on up to 1st April 1999.

Section 4

Work in progress arising from the funded operations as carried on up to 1st April 1999.

Section 5

Sundry debtors and cash as at 1st April 1999 arising from the funded operations.