Vidhi Codex

The Rajasthan Contingency Fund Act, 1956

The Rajasthan Contingency Fund Act, 1956

Finance19565 sections

The Rajasthan Contingency Fund Act, 1956 establishes and regulates an emergency reserve fund for the state of Rajasthan. Held by the Finance Secretary on behalf of the Governor, this fund is funded with five hundred crore rupees from the state's main treasury. The law applies to the state government and its financial administrators. It matters because it ensures the government has immediate access to temporary money to cover unexpected and urgent public expenses before receiving formal approval from the state legislature, thereby preventing delays in critical government operations and emergency relief efforts.

Start reading →Read full ActSections
  1. 1. Short title
  2. 2. Interpretation
  3. 3. Establishment of the State Contingency Fund, the custody thereof and withdrawals therefrom
  4. 4. Power to make rules
  5. 5. Repeal and Saving

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