Bare Act
The Himachal Pradesh Contingency Fund Act, 1971
Finance19717 sections
This Act establishes the Himachal Pradesh Contingency Fund, an imprest account, to manage unexpected financial emergencies within the state. It enables the Governor to advance funds immediately for unforeseen expenditures before requiring explicit legislative authorization, ensuring government operations remain uninterrupted. By allocating a designated sum from the Consolidated Fund specifically for these purposes, the law provides a necessary financial cushion. This mechanism allows the state to address urgent needs like natural disasters or sudden crises efficiently, bridging the gap between an unexpected event and the passage of standard budget appropriations.
- 1. Short title and commencement
- 2. Substitution of section 4
- 3. Establishment of Himachal Pradesh Contingency Fund
- 4. Constitution of the Fund
- 5. Provided that on and with effect from 18th day of August, 1987 the aforesaid sum shall be to the tune of one crore rupees.
- 6. Power to make rules
- 7. Repeal of the Punjab Contingency Fund Act, 1950 and the Himachal Pradesh Contingency Fund (Determination of Amount) Act, 1964
PDF: pending for this language.