Article 10 Administrative arrangements

On or before 31st December in each year the designated council shall notify each relevant authority of its estimate of the amount to be paid by that authority in accordance with article 9(1) in respect of the next financial year; and on or before 30th June 1988 of the amount to be so paid in respect of the financial year ending 31st March 1989.

On 30th September and 31st March in each year each relevant authority shall pay to the designated council one half of the amount referred to in article 8(2) and one half of the amount notified to the authority as the council’s estimate of the amount payable in accordance with article 9(1) in respect of that year.

On or before 30th June in each year commencing with the financial year beginning 1st April 1989 the designated council shall notify each relevant authority of the actual amount payable by that authority in accordance with article 9(1) in respect of the preceding financial year. Any difference between that amount and the amounts paid by the authority in respect of interest for that year in accordance with paragraph (2) above shall be paid by the authority to the council or, as the case may be, by the council to the authority, on 30th September.

The designated council when estimating interest payments for the purposes of paragraph (1) above shall also estimate the amount payable by it for the relevant year in accordance with article 9(2); and shall on 30th September and 31st March in each year pay into the fund one half of the amount payable in respect of that year by virtue of article 8(3)(b) and one half of the amount estimated to be payable in accordance with article 9(2) in respect of that year.

Where the estimated amount paid in accordance with paragraph (4) differs from the amount actually due for the financial year in question under article 9(2), the designated council shall on 30th September following the end of that year make an appropriate payment into (or withdrawal from) the fund.