Kerala Contingency Fund Act, 1957

No: 6 Dated: Jul, 31 1957

THE KERALA CONTINGENCY FUND ACT, 1957

(Act No. 6 of 1957)

An Act to provide for the establishment and mamtenance of Contingency Fund.

Preamble.-WHEREAS it is expedient to establish and maintain a Contingency Fund for the State of Kerala ;

BE it enacted in the Eighth Year of the Republic of India as follows:-

1. Short tltle and commencement.-(1) This Act may be called the Kerala Contingency Fund Act, 1957.

(2) It shall come mto force at once.

2. Establishment of the Contingency Fund of Kerala.- (1) There shall be established a Contmgency Fund in the nature of an imprest entitled "The Contingency Fund of the State of Kerala" and consisting of a sum of fifty lakhs of rupees withdrawn from the Consolidated Fund of the State of Kerala.

(2) Such Contmgency Fund shall be held on behalf of the Governor of Kerala by the Secretary to the Government of Kerala in the Department of Fmance and the Governor shall have authority to make advances therefrom for the purpose of meeting any unforeseen expenditure pending authorisation of such expenditure by the State Legislature by law under Article 205 or Article 206 of the Constitution.

(3) As often as any such expenditure IS authorised by law as aforesaid, the Government shall recoup to the Contmgency Fund an amount equal to the advance taken from such Fund to meet the expenditure.