Appropriation Law – 1974



Appropriation Law – 1974
A LAW TO PROVIDE FOR THE SERVICE OF THE FINANCIAL YEAR, 1975, TO AUTHORIZE THE RAISING OF LOANS IN OR OUTSIDE SRI LANKA FOR THE PURPOSE OF SUCH SERVICE, TO MAKE FINANCIAL PROVISION IN RESPECT OF CERTAIN ACTIVITIES OF THE GOVERNMENT DURING THAT FINANCIAL YEAR, TO ENABLE THE PAYMENT, BY WAY OF ADVANCES OUT OF THE CONSOLIDATED FUND OR ANY OTHER FUND OR MONEYS OF, OR AT THE DISPOSAL OF, THE GOVERNMENT, OF MONEYS REQUIRED DURING THAT FINANCIAL YEAR FOR EXPENDITURE ON SUCH ACTIVITIES, TO PROVIDE FOR THE REFUND OF SUCH MONEYS TO TEE CONSOLIDATED FUND, AND TO MAKE PROVISION FOR MATTERS CONNECTED WITH OR INCIDENTAL TO THE AFORESAID MATTERS.

BE if enacted by the National State Assembly of the Republic of Sri Lanka as follows: –

[26th December
, 1974 ]
Short title.

1. This Law may be cited as the Appropriation Law, No. 42 of 1974

Appropriation for financial year 1975.

2.

(1) Without prejudice to any other law authorizing any expenditure, the expenditure of the Government, which it is estimated will be rupees six thousand and sixty-six million one hundred and forty-one thousand eight hundred and twenty-seven for the service of the period beginning on January 1, 1975, and ending on December 31, 1975, in this Law referred to as the ” financial year 1975 “, shall be met-

(a) from payments which are hereby authorized to be made out of the Consolidated Fund or any other fund or moneys of, or at the disposal of, the Government; and

(b) from the proceeds of loans which are hereby authorized to be raised, whether in or Outside Sri Lanka, for and on behalf of the Government, so however, that the aggregate of such proceeds does not exceed rupees two thousand five hundred and fifty-two million.

The sum of rupees six thousand and sixty-six million one hundred and forty-one thousand eight hundred and twenty seven herein before referred to may be expended as specified in the First Schedule to this Law.

(2) The provisions of subsection (1) of this section shall have effect without prejudice to the provisions of any other written law authorizing the raising of loans for and on behalf of the Government.

Financial provision in respect of certain activities of the Government for the financial year. 1975.

3.

(1) The receipts of the Government, during the financial year referred to in section 2, from each activity specified in column I of the Second Schedule to this Law shall be credited to the account of such activity, but the aggregate of the receipts so credited shall not exceed the maximum limit specified in the corresponding entry in column III of that Schedule. Any receipts from such activity in excess of such maximum limit shall be credited to the Consolidated Fund.

(2) The expenditure incurred by the Government, during the financial year referred to in section 2, on each activity specified in column I of the Second Schedule to this Law shall be paid out of the receipts of the Government from such activity during that financial year, but such expenditure shall not exceed the maximum limit specified in the corresponding entry in column II of that Schedule.

(3) The debit balance, outstanding at the end of the financial year referred to in section 2, of any activity specified in column I of the Second Schedule to this Law shall not exceed the maximum limit specified in the corresponding entry in column IV of that Schedule, and the total liabilities of that activity at the end of that financial year shall not exceed the maximum limit specified in the corresponding entry in column V of that Schedule.

Payment from the Consolidated Fund, or any other fund or moneys of, or at the disposal of the Government, of advances for expenditure on the activities referred to in section 3 during the financial year, 1975.

4. Whenever, at any time during the financial year referred to in section 2, the receipts of the Government from any activity specified in column I of the Second Schedule to this Law are insufficient to meet the expenditure incurred by the Government on such activity, the Minister of Finance may, from time to time, by Order direct that such sums as he may deem necessary to meet such expenditure shall be payable, by way of advances, out of the Consolidated Fund or any other fund or moneys of, or at the disposal of, the Government, so however, that the aggregate of the sums so advanced does not exceed the maximum limit of expenditure specified in the corresponding entry in column II of that Schedule. Any sums so advanced in respect of such activity shall be refunded to the Consolidated Fund in such manner as the Minister of Finance may by Order direct.

Power to transfer unexpended moneys allocated to recurrent expenditure to another allocation within the same Programme, or to another Programme under the same Head of expenditure,

5.

(1) Any moneys which, by virtue of the provisions of the First Schedule to this Law, have been allocated to Recurrent Expenditure under any Programme appearing under any Head specified in that Schedule, but have not been expended or are not likely to be expended, may be transferred to the allocation of Capital Expenditure within that Programme, or to the allocation of Recurrent Expenditure or Capital Expenditure under any other Programme within that Head by order of the Secretary to the Treasury or any other officer authorized by him.

(2) No moneys allocated to Capital Expenditure under any Programme appearing under any Head specified in the Schedule shall be transferred out of that allocation.

Power of Minister of Finance to vary the maximum limits specified in the Second Schedule to this Law.

6. The Minister of Finance, with the approval of the Government, may, on or before July 31, 1976, by Order vary or alter any of the maximum limits specified in column II, column III, column IV or column V, of the Second Schedule to this Law. Any such Order shall, if so expressed therein, be deemed to have had effect from such date prior to the date of making of such Order as may be specified therein.

Power of Nations State Assembly to amend the Second Schedule to this Law.

7. The National State Assembly may, by resolution, amend the Second Schedule to this Law, by adding to the appropriate columns of that Schedule, any activity and all or any of the maximum limits relating to such activity.


Schedules