Part 1: Health Service in England: Integration, Collaboration and Other Changes Integrated Care System: Financial Controls Section 29: Financial Responsibilities of integrated care boards and their partners
Power to impose financial requirements on integrated care boards. This section omits sections 223H to 223J (financial duties of clinical commissioning groups) of the NHS Act 2006 and inserts a number of new sections. New section 223GB allows NHS England to impose financial requirements on integrated care boards in relation to their management or use of financial or other resources. Under subsection (2), these requirements may include limits on expenditure or resource use. These requirements can be imposed on any integrated care boards specified, who must comply with them. Under subsection (3), NHS England must publish any directions issued under this section.
	Financial duties of integrated care boards: expenditure limits. Under new section 223GC, integrated care boards must operate with a view to ensure that the expenditure does not exceed the aggregate of any sums received by an integrated care board within that financial year. NHS England may specify, by direction, descriptions of income and expenditure that should or should not be counted for the purposes of reaching financial balance, or the financial year in which they are counted.
	Integrated Care Boards: banking facilities. New section 223GD allows the Secretary of State to specify the banking facilities that integrated care boards are required to use for any specified purpose.
	Joint financial objectives for integrated care boards. Under new section 223L (substituting sections 223H to 223J), NHS England can set joint financial objectives for integrated care boards and their partner NHS trusts and NHS foundation trusts, who must operate with a view to achieving these objectives.
	Financial duties of integrated care boards: use of resources. Under new section 223M, integrated care boards and their partner NHS trusts and NHS foundation trusts must operate with a view to ensuring that the local capital resource use and local revenue resource use they use does not exceed the limits specified by direction from NHS England in that financial year. Under subsection (3), where an NHS trust or NHS foundation trust is partner to more than one integrated care board, NHS England can specify how resources should be apportioned to one or more different integrated care boards. Under subsection (4), NHS England can also specify what expenditure can or cannot be considered capital resources or revenue resources for the purpose of these provisions.
	Financial duties of integrated care boards: additional controls on resource use. New section 223N allows NHS England to give direction to an integrated care board and its partner NHS trusts and foundation trusts, to exercise their functions with a view to ensuring that they do not spend more than a specified maximum amount of local capital resource or local revenue resource. Under subsection (2), NHS England can also specify what resources are or are not to be considered as capital resources or revenue resources for the purpose of these provisions.
	Resources etc. relevant to sections 223D, 223E, or 223M. New section 223O allows the Secretary of State to specify which resources must, or must not, be treated or taken into account as capital resources or revenue resources for the purposes of sections 223D, 223E, or 223M.