{
  "url": "https://openlegislation.uk/port-of-tyne-harbour-revision-order-2026/article-16",
  "json_url": "https://openlegislation.uk/port-of-tyne-harbour-revision-order-2026/article-16.json",
  "legislation": "uksi/2026/1088",
  "legislation_title": "The Port of Tyne Harbour Revision Order 2026",
  "legislation_url": "https://openlegislation.uk/port-of-tyne-harbour-revision-order-2026",
  "path": "article/16",
  "kind": "article",
  "number": "16",
  "heading": "Reserve fund",
  "text": "(1) The Authority may have and maintain a reserve fund.\n(2) The Authority may carry to any such reserve fund such part of the port revenue that is available in accordance with article 15(d).\n(3) Any reserve fund established or maintained under this article may be applied by the Authority in its discretion—\n(a) in or towards meeting any deficiency in port revenue for the purposes of article 15(a) to (c) in any year;\n(b) to meet any extraordinary claim or demand in respect of the port undertaking;\n(c) in or towards payment of the cost of renewing, improving, extending or replacing any part of the works forming part of the port undertaking or any vessels, plant or equipment of the Authority connected to the port undertaking;\n(d) in the repayment of any moneys borrowed;\n(e) for improving the operational area and the navigation of the port and the approaches to the port;\n(f) for any other lawful purpose sanctioned by the Authority and connected with the port undertaking.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2026/1088/article/16",
    "retrieved_at": "2026-10-28T20:53:52.533021+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."
}