Health and Social Care (Community Health and Standards) Bill

Part of the debate – in the House of Lords at 11:30 pm on 13th October 2003.

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Photo of Baroness Noakes Baroness Noakes Conservative 11:30 pm, 13th October 2003

moved Amendment No. 176:

Page 8, line 13, leave out subsections (2) and (3) and insert—

"(2) The trust shall have no constraints on its right to borrow except as outlined in subsection (3).

(3) A trust's total borrowing shall not exceed 100 per cent of its total revenues without the approval of the regulator."