Regulation 24 Savings from the allotted sum

(1)

The members of the fund-holding practice may discharge their obligations under regulations 19 and 20 and exercise their powers under regulations 22 and 23 in such a way as to take into account any benefit to individuals on the lists of patients of the members of the practice which, in their opinion, would be derived from making savings to be applied in accordance with the following provisions of this regulation; and regulations 19, 20, 22 and 23 shall be construed accordingly.

(2)

Where the accounts for a financial year of members of a fund-holding practice have been audited in accordance with Part III of the Local Government Finance Act 1982^f1, the members of a fund-holding practice may, within the period of four years after the end of that financial year, continue to apply any part of the allotted sum paid to them in respect of that financial year for the purposes specified in regulations 19, 20, 22 and 23 and, in addition, for the benefit of the patients of the practice, for any one or more of the following purposes–

(a)

the purchase of material or equipment which–

(i)

can be used for the treatment of patients of the members of the practice,

(ii)

enhances the comfort or convenience of patients of the members of the practice, or

(iii)

enables the practice to be managed more effectively and efficiently; or

(b)

the purchase of material or equipment relating to health education; or

(c)

the improvement of any premises from which the members of the practice carry on their practice whether by improving the structure of the premises or the purchase of furniture and furnishings for the premises.

Annotations

Footnotes

f1: 1982 c. 32, as amended by Schedule 4 to the 1990 Act.