# The South Yorkshire Residuary Body (Winding Up) Order 1989, Article 12: Apportionment


(1) All money transferred to or sums realised by Rotherham by or in pursuance of the transfer by article 6 or 10 of this Order of any property or rights shall after deduction of any relevant expenditure be apportioned among the local councils; and Rotherham shall, not later than the end of the financial year following that in which it is received, pay the appropriate proportion to each of the other local councils and shall retain the balance.
(2) If in any financial year the aggregate in that year of the money and sums referred to in paragraph (1) is insufficient to meet any relevant expenditure for that year, that expenditure shall, to the extent that it is not met from the aggregate, be apportioned among the local councils; and the appropriate proportion shall be recoverable by Rotherham from each of the other councils.
(3) In this article, “relevant expenditure” means expenditure attributable to this Order which is not defrayed by virtue of any other provision of this Order.

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Source: https://www.legislation.gov.uk/uksi/1989/814/article/12 (the official version)
Page: https://openlegislation.uk/south-yorkshire-residuary-body-winding-up-order-1989/article-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.