The Residuary Body for Wales (Levies) Regulations 1996
The Regulations confer a power on the Residuary Body for Wales to issue levies to certain new principal councils created by the Local Government (Wales) Act 1994 for the purpose of meeting the Body’s expenditure in respect of financial years beginning on or after 1st April 1997. The new principal councils to whom a levy can be issued by the Residuary Body are specified in the Schedule to the Regulations. These are the only new principal councils which may receive any significant receipts from the disposal by the Residuary Body of the remaining “surplus” property of the county and district councils which ceased to exist on local government reorganisation in Wales on 1st April 1996.