Rosetta Landslip Act 1992

There is established in the Public Account an account known as the Rosetta Landslip Trust Fund.

There is to be paid into the Fund money to be used in respect of earth movements in the affected area.

There is to be paid out of the Fund – the cost of purchasing an affected property in accordance with this Act; and the cost of demolishing any building or other structure on any affected property, and any costs incurred to make a property purchased in accordance with this Act safe; and any payment made in accordance with any agreement made between an eligible owner, the Crown, the Council and the Bank; and in respect of monies in the Fund to which the Bank has not been a contributor – any payment made in accordance with any agreement made between the Crown and the Council; and any other amount agreed by the Crown, the Council and the Bank.

Notwithstanding the Local Government Act 1993, the Council is authorized to contribute to the Fund.

Notwithstanding the Trustee Banks Act 1985, the Bank has power to contribute to the Fund.