Underspend. In the event that expenditure from any Pooled Fund or Non Pooled Fund in any Financial Year is less than the aggregate value of the Financial Contributions made for that Financial Year, the surplus monies shall be retained by the Lead Commissioner unless otherwise decided by the Health and Wellbeing Board. Such arrangements shall be subject to the Law and the standing orders and standing financial instructions (or equivalent) of the Partners and the terms of the performance payment arrangement. (if any).
Appears in 2 contracts
Sources: Framework Partnership Agreement, Framework Partnership Agreement