Section 3 Application of income

The income received under this scheme by a Health Board shall be used for the purposes specified in sub-paragraph (3)(a) of paragraph 7 of Schedule 6 to the 1978 Act, and the income received under this scheme by an NHS Trust shall be used for the purposes specified in sub-paragraph 3(c) of that paragraph^f1.

A Health Board or an NHS Trust in applying income for the uses specified in sub-paragraph (1) above shall have regard to the terms and conditions attaching to endowments transferred to the Trust from Boards of Management or Regional Hospital Boards under section 2(1) of the 1971 Act.