The Goa, Daman and Diu Contingency Fund Act, 1964

Short title, extent and commencement.— This Act may be called the Goa, Daman and Diu Contingency Fund Act, 1964.

Establishment of a Contingency Fund.— There shall be established a Contingency Fund in the nature of an imprest entitled the Contingency Fund of the Union Territory of Goa, Daman and Diu (hereinafter called the Contingency Fund) into which shall be paid from and out of the Consolidated Fund of the Union Territory of Goa, Daman and Diu a sum of ten lakhs of rupees.

Custody of the Contingency Fund and withdrawals therefrom.— The Contingency Fund shall be held on behalf of the Administrator of Goa, Daman and Diu by the Finance Secretary to the Government of Goa, Daman and Diu and no advances shall be made out of such fund except for the purposes of meeting unforeseen expenditure pending authorization of such expenditure by the Legislative Assembly under appropriations made by law.

Power to make rules.— For the purpose of carrying out the objects of this Act, the Administrator of Goa, Daman and Diu may make rules regulating all matters connected with or ancillary to the custody of, the payment of monies into and the withdrawal of monies from the Contingency Fund.

Application for advance from the Contingency Fund.

Order sanctioning the advance from the Contingency Fund.

Orders authorizing expenditure.— Every order authorizing the expenditure from the Contingency Fund shall be signed by the Finance Secretary to the Government of Goa, Daman and Diu.

Bills and Vouchers.— Each bill or voucher for payment of money out of the Contingency Fund shall be presented to the Finance Secretary and shall bear the mark "Contingency Fund" prominently.

Authorization of the expenditure by the Legislative Assembly. If the expenditure incurred out of the Contingency Fund has not been previously authorized by the Legislative Assembly, an application shall be submitted to the Legislative Assembly for authority to incur expenditure and, upon such authorization being granted, the expenditure shall, as soon as possible, be transferred to the Consolidated Fund.

Restoration of advances into the Contingency Fund. Any amount advanced from the Contingency Fund under section 6 shall, as soon as possible, be restored to the Contingency Fund after the Legislative Assembly has authorized the expenditure under section 9.

-1 11. Account of the transactions of the Contingency Fund.