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Regulation 20 Savings from the allotted sum

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Where the accounts relating to the allotted sum paid to members of a fund-holding practice in respect of a financial year have been audited in accordance with section 86(1A) of the Actf1, the members of the fund-holding practice may continue to apply any part of the allotted sum paid to them in respect of that financial year, for a period of four years after the end thereof, for one or more of the following:—

(a)

the purposes specified in regulations 16, 17, 18 and 19,

(b)

the purchase of material or equipment which—

(i)

can be used for the treatment of patients of the practice; or

(ii)

enhances the comfort or convenience of patients of the practice; or

(iii)

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

(iv)

relates 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

Section 86(1A) was inserted by the National Health Service and Community Care Act 1990, section 36(4).