Vidhi Codex

Bare Act

The Sikkim Contingency Fund Act 1975, ACT 1975

Finance19754 sections

The Sikkim Contingency Fund Act, 1975 establishes an emergency financial reserve, known as the Contingency Fund of the State of Sikkim, to handle urgent and unexpected state expenses. Funded initially with fifty lakh rupees from the Consolidated Fund of Sikkim, the state government can increase this reserve through legislative approval. The Finance Secretary holds and manages the fund on behalf of the Governor. Money from this fund is strictly used to cover unforeseen expenditure while awaiting formal authorization and appropriation from the Sikkim State Legislature. The Act matters because it ensures the state government can respond immediately to unexpected crises or financial needs without delaying critical operations.

Start reading →Read full ActSections
  1. 1. SHORT TITLE
  2. 2. ESTABLISHMENT OF THE CONTINGENCY FUND OF THE STATE OF SIKKIM
  3. 3. CUSTODY OF THE CONTINGENCY FUND AND WITHDRAWALS THEREFROM
  4. 4. POWER TO MAKE RULES

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