Bare Act

The Manipur Contingency Fund of the State (Determination of Amount) Act, 1972

Finance19723 sections

This law authorizes the Manipur state government to set aside a specific amount of money for its Contingency Fund. It directs that twenty-five lakh rupees be transferred from the state's main Consolidated Fund into this special reserve. The Contingency Fund acts as a financial backup to meet unexpected expenses or urgent needs that arise between the approval of regular budgetary allocations. By fixing this amount, the act ensures the state has immediate liquidity available to handle unforeseen situations without waiting for new legislative approval, thereby maintaining financial stability and administrative efficiency in the state.

PDF: pending for this language.