{
  "url": "https://openlegislation.uk/middlesbrough-development-corporation-functions-order-2023/article-14",
  "json_url": "https://openlegislation.uk/middlesbrough-development-corporation-functions-order-2023/article-14.json",
  "legislation": "uksi/2023/447",
  "legislation_title": "The Middlesbrough Development Corporation (Functions) Order 2023",
  "legislation_url": "https://openlegislation.uk/middlesbrough-development-corporation-functions-order-2023",
  "path": "article/14",
  "kind": "article",
  "number": "14",
  "heading": "End of year calculations",
  "text": "(1) Before the end of the period of 14 days beginning with the certification date, for each previous authority the Corporation must—\n(a) calculate the final compensation amount;\n(b) for each financial year commencing on or after 1st April 2024, calculate whether there is a surplus or deficit in accordance with paragraph (2) and, if so, the amount of the surplus or deficit;\n(c) notify the Secretary of State and the previous authority of the amounts that have been calculated.\n(2) Where the amount paid to a previous authority under article 13(1) is—\n(a) more than the final compensation amount for that authority, there is a surplus, the amount of which is the difference;\n(b) less than the final compensation amount for that authority, there is a deficit, the amount of which is the difference;\n(c) the same as the final compensation amount for that authority, there is no surplus or deficit.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2023/447/article/14",
    "retrieved_at": "2026-10-28T21:46:34.057139+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}