Assam Contingency Fund Act, 1950

No: 9 Dated: Mar, 30 1950

Amendment:- Assam Contingency Fund (Amendment) Act, 1960

THE ASSAM CONTINGENCY FUND ACT, 1950

ASSAM ACT IX OF 1950

    An Act to establish a Contingency Fund of the State of Assam and to provide for Advances. to be made out of it for the purposes of meeting unforeseen expenditure

    Preamble.- Wbereas it is expedient to establish a Contingency Fund of the State of Assam in the nature of an imprest to be place.d at the disposal of Governor to enable advances to be made by him out of this Fund for the purpose of meeting unforeseen expenditure pending authorisation of such expen- . diture by the Legislature by law under Articles 205 and 206 of the Constitution of India:

    It is hereby enacted as follows :-

1. Short title, extent and commencement.-(1) This Act may be called the Assam Contingency Fund Act, 1950.

(2) It extends to the whole of Assam.

(3) It shall come into force from 1st April 1950.

2. Establishment of a Contingency Fund.-(1) A Contingency Fund in the nature of an imprest shall be established and shall be entitled the Contingency Fund of the State of Assam, hereinafter called the Contingency Fund.

(2) The Fund shall be held on behalf of the Governor by the Secretary to the Government of Assam in the Finance Department, and no advance shall be made out of such Fund except for the purpose of meeting unforeseen expenditure pending authorisation of such expenditure by the Legislature under appro· priations made by law.

3. Payment into the Contingency Fund.-There shall be paid by the State Government into the Contingency Fund, a sum of Rs.35 lakhs out of the Reve- 1 nues of the State for the financial year 1950-51

All expenditure met out of advances from the Fund made in the aforesaid manner shall be laid before the Legislature for authorisation within the financial year in which such advances are made.

4. Power to make Rules.- The State Government may make Rules to carry out the purposes of this Act.