The Maharashtra Contingency Fund Act
The 1[the Maharashtra Contingency Fund Act
Finance19565 sections
This law establishes a rainy-day fund for the State of Maharashtra to cover unexpected expenses until the state legislature can officially approve them. The fund, holding 150 crore rupees, is managed by the state government and used for emergency situations where immediate spending is required. It ensures the state can address unforeseen needs without delay while maintaining proper legislative oversight through regular appropriation processes. This contingency mechanism allows the state to handle sudden financial demands like natural disasters or other emergencies without disrupting state operations.
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