The National Health Service Finance (Wales) Act 2014 (‘the Act’) amends the previous financial duties of Local Health Boards (LHBs) under the National Health Service (Wales) Act 2006. It does this by changing the annual statutory requirement for expenditure not to exceed resource limit, to a regime which considers the financial duty to manage its resources within approved limits over a 3 year period.
The Explanatory Notes to the Act provide detailed commentary on the various provisions.
Coming into force
The Act came into force on 1 April 2014 in accordance with section 3(2).
Subordinate legislation made under the Act:
No subordinate legislation has been made under the Act.
Consideration of the legislation by the Senedd
The Bill was introduced on 30 September 2013 by Mark Drakeford MS, who was the Minister for Health and Social Services at the time. The Bill was passed by Senedd Cymru (known then as the National Assembly for Wales) on 3 December 2013.
More information about the Bill is available on the Senedd’s website, including a record of the passage of the Bill through the Senedd and the Explanatory Memorandum that was prepared by the Welsh Government (at introduction of the Bill).
The Act received Royal Assent on 27 January 2014.