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The London Residuary Body (Transfer of Property etc) Order 1990
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- UK Statutory Instruments
- 1990 No. 419
- Article 16
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Consequential administrative arrangements
16.—(1) On or before 31st October in the financial year beginning on 1st April 1990 and on or before 30th June in any subsequent financial year Bromley shall notify every other local council and the Common Council of its estimate of the amount to be paid to that council in the current financial year–
(a)by way of capital receipts under article 14(1); and
(b)under article 15(1).
(2) Bromley shall send a copy of the notifications sent under paragraph (1) to the Secretary of State and shall advise him of any payments made by way of capital receipts under article 14(1), or under article 15(1).
(3) Bromley shall–
(a)on or before 31st October in the financial year beginning on 1st April 1990 and on or before 30th June in any subsequent financial year provide the Secretary of State with an estimate of the amount they anticipate they will retain in that financial year by way of capital receipts under article 14(2), and under article 15(1); and
(b)notify the Secretary of State of any such amounts retained.
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