# The Merseyside Residuary Body (Winding Up) Order 1989, Article 9: Consequential financial provisions


Any net capital receipts or appropriate capital sums paid to a local council pursuant to article 2(5)(b) or 3(4), and the balance of net capital receipts and the appropriate capital sum retained by Liverpool pursuant to articles 2(7) and 3(6), shall be applied for any purpose for which capital money received by a local council on the disposal of land under Part VII of the Local Government Act 1972 may properly be applied.

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Source: https://www.legislation.gov.uk/uksi/1989/2470/article/9 (the official version)
Page: https://openlegislation.uk/merseyside-residuary-body-winding-up-order-1989/article-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.