PRADESH (DETERMINATION OF AMOUNT) ACT, 1977
The Contingency Fund of the Union Territory of Arunachal Pradesh (Determination of Amount) Act, 1978
Finance19772 sections
This legislation establishes the specific financial reserve for the Union Territory of Arunachal Pradesh by authorizing the transfer of ten lakh rupees from the main Consolidated Fund into the Contingency Fund. The Act applies to the administration of the territory and ensures that a ready source of money is available to cover sudden, unforeseen expenses. By setting this amount, the government guarantees it can pay for urgent needs immediately without waiting for a new budget vote, thereby maintaining financial stability during emergencies.
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