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The Local Government Residuary Body (England) Order 1995
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General duty of Residuary Body
15.—(1) Subject to the following provisions of this Part and to any directions given by the Sectetary of State, the Residuary Body shall make such arrangements as are practicable for the transfer to other persons of any property, rights or liailities (and any related functions) which have vested in it by virtue of a relevant instrument or submit proposals to the Sectetary of State for effecting such transfers by orders made by him under section 22(3)(a) of the Act.
(2) The Residuary Body shall use its best endeavours to secure that any such arrangements or proposals as are mentioned in paragraph (1) above are made or submitted as soon as is practicable after the date the property, rights, liabilities or functions concerned have vested in it and, in any event, by the end of the period of five years beginning with that date.
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