# The Milk Marketing Board (Residuary Functions) Regulations 1994, Paragraph 7


(1) Subject to the provisions of this paragraph, where–
(a) the Board have withdrawn funds from the B Reserve Fund to meet, and have met, their liabilities, and
(b) there are moneys standing to the credit of the general fund,
the Board shall apply such moneys to make a final payment in accordance with sub–paragraph (2) below.
(2) The amount to be paid in the circumstances mentioned in sub–paragraph (1) above shall be an amount which is equal to all the withdrawals which have been made from the B Reserve Fund for the purpose of meeting liabilities of the Board (other than liabilities in respect of repayment of the milk receipt retentions), increased or decreased correspondingly with any adjustment made to the total of the B Reserve Fund under paragraph 8 below.
(3) This paragraph is subject to paragraph 3(b) above.

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Source: https://www.legislation.gov.uk/uksi/1994/2759/schedule/4/paragraph/7 (the official version)
Page: https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994/schedule-4/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.