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Clause 166 — Financial powers etc.

Vat – in the House of Commons at 8:48 pm on 6th September 2011.

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Amendments made: 181, page 156, line 39, leave out subsections (1) and (2).

182, page 157, leave out lines 7 to 11 and insert—

“(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 or other payment, the terms on which it was made.’.

183, page 157, line 17, at end insert—

“(7A) A report under subsection (5) must, in relation to each NHS foundation trust, specify—

(a) the amount of the public dividend capital of that trust at the end of the year to which the report relates, and

(b) the conditions on which it is held.’.

184, page 157, line 21, leave out paragraph (a).—(Mr Simon Burns)