Article 4 Apportionment

All sums received by Bromley in consequence of the transfer by article 3 of any property or rights shall, after deduction of any relevant expenditure and after setting aside from such monies such amount, if any, as Bromley estimates to be required for future such expenditure, be apportioned among the local councils and the Common Council in the appropriate proportions; and Bromley shall not later than the end of three months after the end of the financial year in which such sums are received, pay the appropriate proportion to each of the other local councils and the Common Council and shall retain the balance.

If in any financial year the aggregate in that year of the sums referred to in paragraph (1) is insufficient to meet any relevant expenditure of Bromley for that year, that expenditure shall, to the extent that it is not met from the aggregate or from monies previously set aside, be apportioned among the local councils and the Common Council; and the appropriate proportion shall be recoverable by Bromley from each of the other local councils and the Common Council.

Any relevant expenditure of Kensington and Chelsea in any financial year shall be apportioned among the local councils and the Common Council; and the appropriate proportion shall be recoverable by Kensington and Chelsea from each of the other local councils and the Common Council.

Any part of the appropriate proportion paid to the local councils and the Common Council and the balance retained by Bromley pursuant to paragraph (1) which is attributable to the disposal of the whole or any part of County Hall shall be treated as a capital receipt for the purposes of Part IV of the Local Government and Housing Act 1989^f1

In this article—

• “County Hall” means the land and buildings previously owned by the Greater London Council and known as the Main Building, the North Block, the South Block and the Island Block, the site of the former Addington Street Annexe, all ancillary service areas and car parks; and

• “relevant expenditure” means expenditure attributable to this Order.