{
  "url": "https://openlegislation.uk/health-act-1999/section-16",
  "json_url": "https://openlegislation.uk/health-act-1999/section-16.json",
  "legislation": "ukpga/1999/8",
  "legislation_title": "Health Act 1999",
  "legislation_url": "https://openlegislation.uk/health-act-1999",
  "path": "section/16",
  "kind": "section",
  "number": "16",
  "heading": "Existing NHS trusts: conversion of initial loan.",
  "text": "(1) This section applies to any NHS trust in existence immediately before commencement.\n(2) On commencement so much of the originating capital debt of the NHS trust as remains outstanding immediately before commencement is to be treated as the originating capital of the NHS trust and accordingly is public dividend capital.\n(3) Any reference in any enactment, instrument or other document to the originating capital debt of the NHS trust is to be construed (except where the context otherwise requires) as a reference to its originating capital.\n(4) The Secretary of State may with the consent of the Treasury determine the amount and time for payment of interest on the NHS trust’s initial loan in respect of the period ending with commencement.\n(5) In this section—\n“commencement” means the coming into force of this section,\n“initial loan” has the meaning given by section 9(5) of the National Health Service and Community Care Act 1990, prior to the repeal of that section by the National Health Service (Consequential Provisions) Act 2006",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 16(5) substituted (1.3.2007) by National Health Service (Consequential Provisions) Act 2006 (c. 43), ss. 2, 8(2), Sch. 1 para. 195 (with Sch. 3 Pt. 1)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 16 wholly in force at 1.11.1999; s. 16 not in force at Royal Assent see s. 67(1); s. 16 in force for E. at 1.9.1999 by S.I. 1999/2342, art. 2(1), Sch. 1; s. 16 in force for W. at 1.11.1999 by S.I. 1999/3184, art. 2(1), Sch. 1"
    }
  ],
  "outstanding_effects": [
    {
      "type": "words inserted",
      "affecting": "ukpga/2012/7",
      "affecting_title": "Health and Social Care Act 2012"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1999/8/section/16",
    "retrieved_at": "2026-10-29T09:22:03.793953+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}