Clause 17 - Financial powers
Health and Social Care (Community Health and Standards) Bill
4:30 pm
Mr Peter Atkinson (Hexham, Conservative)
I remind the Committee that with this we are discussing the following amendments:
No. 264, in
clause 17, page 7, line 34, at end insert 'direct'.
No. 18, in
clause 17, page 7, line 36, leave out subsection (2) and insert—
'(2) The trust shall have no constraints on its right to borrow except as outlined in subsection (3)'.
No. 161, in
clause 17, page 7, line 36, leave out subsections (2) and (3) and insert—
'(2) The trust will have certain limits on its rights to borrow, as outlined in subsection (3).
(3) The trust's borrowings shall not endanger, or incur the loss of protected property, as outlined in section 16.'.
No. 19, in
clause 17, page 7, line 38, leave out subsection (3) and insert—
'(3) A trust's total borrowings shall not exceed 100 per cent. of its total revenues without the approval of the regulator.'.
No. 146, in
clause 17, page 7, line 38, at end insert—
'(3A) In calculating these limits, no regard shall be had to any borrowing incurred under the Private Finance Initiative.'.
No. 21, in
clause 17, page 8, line 6, at end add—
'(7) A foundation trust shall show the total value of all its liabilities on its balance sheet.'.
For the assistance of Members, the selection list for tomorrow's sitting is now available in the Room. I remind the Committee that all questions necessary to dispose of proceedings on part 1 will be put at 7 o'clock this evening. If we have a Division in the House during this sitting, which we no doubt will, I will suspend the sitting for a quarter of an hour. If there is a second Division, I will suspend for 30 minutes, and so on.