The Contingency Fund of Puducherry Act, 1964

The Contingency Fund of Puducherry Act, 1964

Finance19645 sections

This Act establishes a Contingency Fund for the Union territory of Puducherry to handle unexpected expenses. The fund holds fifty lakh rupees from the territory's main money pool and is managed by the Administrator. It allows the government to pay for urgent, unforeseen costs immediately without waiting for a specific law to authorize them, ensuring that essential services can continue even when budgets are not yet finalized by the Legislative Assembly. The Administrator can also make rules to manage how money is kept and withdrawn from this fund.

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