Vidhi Codex

The Gujarat Contingency Fund Act, 1960

The Gujarat Contingency Fund Act, 1960

Finance19606 sections

The Gujarat Contingency Fund Act, 1960 establishes a dedicated emergency reserve, known as the Contingency Fund of the State, funded with two hundred crore rupees from Gujarat's main budget. Managed by the Finance Secretary on behalf of the Governor, this financial reserve allows the government to immediately cover unexpected and urgent public expenses before obtaining formal approval and funds from the State Legislature. It applies to the Gujarat state government and its financial administrators. This law matters because it equips the administration to respond rapidly to unforeseen crises, emergencies, or urgent public needs without violating constitutional requirements for legislative oversight of state spending.

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  1. 0. Preamble
  2. 1. Short title
  3. 2. Establishment of the Contingency Fund of the State
  4. 3. Custody of Contingency Fund and withdrawals therefrom
  5. 4. Power to make rules
  6. 5. Repeal of Gujarat Ordinance No. I of 1960

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