{
  "url": "https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994/schedule-4/paragraph-4",
  "json_url": "https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994/schedule-4/paragraph-4.json",
  "legislation": "uksi/1994/2759",
  "legislation_title": "The Milk Marketing Board (Residuary Functions) Regulations 1994",
  "legislation_url": "https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994",
  "path": "schedule/4/paragraph/4",
  "kind": "paragraph",
  "number": "4",
  "heading": null,
  "text": "(1) Subject to paragraph 3(b) above, and provided that the condition specified in paragraph 5 below is complied with, the Board may withdraw moneys standing to the credit of the B Reserve Fund in order to–\n(a) discharge any actual liabilities–\n(i) as they fall due for payment;\n(ii) upon the winding up of the Board;\n(b) make interim and final payments.\n(2) The Board shall hold any moneys not so withdrawn as a reserve in order to meet the Board’s contingent liabilities or make further interim payments or apply them in accordance with paragraph 6 below.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/2759/schedule/4/paragraph/4",
    "retrieved_at": "2026-10-29T13:24:11.167751+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."
}