Vidhi Codex

THE BIHAR CONTINGENCY FUND ACT, 1950

The Bihar Contingency fund Act

Finance195011 sections

This Act establishes a Contingency Fund in the state of Bihar to handle unexpected expenses that arise suddenly. The Governor of Bihar manages this fund, allowing the state to pay for urgent needs like natural disaster relief before the state legislature formally approves the spending. The fund starts with a fixed amount of money and can be temporarily increased by the cabinet to cover additional costs, ensuring the government can respond quickly to emergencies without waiting for standard budget approval processes.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title, extent and commencement
  3. 2. Interpretation
  4. 3. Establishment of the Bihar Contingency Fund
  5. 4. Withdrawal out of the Consolidated Fund of the State and credit thereof to the Bihar Contingency Fund
  6. 4A. Temporary Corpus
  7. 5. Purpose for which the Bihar Contingency Fund may be utilized
  8. 6. Power to make rules
  9. 7. A copy of the order resuming he advance, which shall give a reference to the number
  10. 8. Appropriation Act, referred to in rule 6, shall be forwarded by the Finance Department to the Accountant General, Bihar, with a copy to the department concerned.
  11. 9. Actual expenditure incurred against advances from the Bihar Contingency Fund

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