The West Midlands Residuary Body (Winding Up) Order 1991

Apportionment

7.—(1) All sums received by Birminham or Wolverhampton by or in pursuance of the transfer by this Order of any property or rights (other than by virtue of article 2(1)(b), (2) and 5(2)) shall afetr deduction of any relevant expenditure be apportioned among the local councils in the appropriate proportions, and Birmingham or, as the case may be, Wolverhampton shall, not later than the end of the financial year in which such sums are 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 sums referred to in paragraph (1) is sufficient to meet any relevant expenditure for that year that excess expenditure shall be apportioned among the local councils in the appropriate propotions; and the appropriate proportion shall be recoverable by Birmingham or Wolverhampton as the case may be from each of the other local 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.