
1 
This Order may be cited as the National Health Service Estate Management and Health Building Agency Trading Fund Order 1999 and shall come into force on the 1st April 1999.
2 
As from 1st April 1999 for such of the operations of that part of the Department of Health known as the National Health Service Estate Management and Health Building Agency as are described in Schedule 1 to this Order, there shall be established a trading fund to be known as the NHS Estates Trading Fund.
3 
The Secretary of State for Health is hereby designated as the source of issues to the fund by way of loan.
4 

(1) The Crown assets and liabilities set out in Parts I and II respectively of Schedule 2 to this Order shall be appropriated as assets and liabilities respectively of the fund, at values or amounts determined by the Secretary of State for Health in accordance with Treasury directions.
(2) 50% of the amount by which the values of those assets exceed the amounts of those liabilities shall be treated as public dividend capital.
5 
The maximum amount that may be issued to the fund by way of loan under section 2B of the 1973 Act shall be £3,000,000.
Signed on behalf of the Secretary of State for Health.
John Denham
Minister of State,
Department of Health
8th March 1999We concur
David Jamieson
Bob Ainsworth
Two of the Lords Commissioners of Her Majesty’s Treasury
8th March 1999
SCHEDULE I
Article 2

(1) All the operations of the National Health Service Estate Management and Health Building Agency carried out in connection with the performance of the following functions:–
(i) advice and support to Ministers the development and implementation of policies, strategies and systems for the cost effective management, maintenance and use of the estate in the NHS;
(ii) assistance to any health service body as defined in section 4(1) of the National Health Service and Community Care Act 1990 to secure maximum value for money from both capital investment and revenue expenditure by helping them to rationalise, maintain and renew the estate. Provisions of these and related services to wider markets;
(iii) any operations of the National Health Service Estate Management and Health Building Agency which are incidental, conducive or ancillary to the operations described in paragraphs (i) and (ii) above.
SCHEDULE II
PART I
1 
Plant and equipment (including computers, and fixtures and fittings) as at 1st April 1999 used or allocated for use in the funded operations.
2 
Computer software as at 1st April 1999 used or allocated for use in the funded operations.
3 
Intangible assets, if any, including intellectual property, arising from the funded operations as carried on up to 1st April 1999.
4 
Work in progress arising from the funded operations as carried on up to 1st April 1999.
5 
Sundry debtors and cash as at 1st April 1999 arising from the funded operations.
PART II
1 
Sundry creditors and accruals as at 1st April 1999 arising from the funded operations.
2 
Payments received in advance in respect of services to be rendered on or after 1st April 1999.