Contingency Fund Act, 1956
BOMBAY ACT 046 OF 1956
24 November, 1956
An Act to provide for the establishment and maintenance of a Contingency Fund in the 8[State of Maharashtra].
Whereas it is expedient to provide for the establishment and maintenance of a Contingency Fund in the 8[State of Maharashtra];
And Whereas the Legislature of the State, by clause (2) of Article 267 and clause (2) of Article 283 of the Constitution of India, has been empowered by law to establish and maintain such Fund; It is hereby enacted in the Seventh Year of the Republic of India as follows
Section 1. Short title
This Act may be called 9[the Maharashtra Contingency Fund Act].
Section 2. Establishment of the 10[Contingency fund of the State of Maharashtra]
There shall be established a Contingency Fund in the nature of an imprest entitled the 10[Contingency Fund of the State of Maharashtra], into which shall be paid from and out of the Consolidated Fund of the 11[State of Maharashtra] 12[a sum of forty crores of rupees].
Section 3. Custody of the Contingency Fund and withdrawals therefrom
The Contingency Fund of the State shall be held on behalf of the Governor by the Secretary to the 13[Government of Maharashtra] in the Finance Department, and no advances shall be made out of such Fund except for the purposes of meeting unforeseen expenditure pending authorisation of such expenditure by the State Legislature under appropriations made by law.
Section 4. Power to make rules
For the purposes of carrying out the objects of this Act, the State Government may make rules regulating fill matters connected with or ancillary to the custody of, the payment of motleys into, and withdrawals of moneys from, the Contingency Fund of the State.
Section 5. Repeals
The Bombay Contingency Fund Act, 1950 (Bom. XLI of 1950), and any law corresponding to the provisions of this Act in force immediately before the 1st day of November 1956 in any territory which after that date forms part of the new 14State of Bombay shall stand repealed.