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Financial Procedure (Amendment) Bill

Bill No. 19/1968

Read the first time on 10th May 1968.

An Act to amend the Financial Procedure Act, 1966 (No. 13 of 1966).

Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: —

Short title

1. This Act may be cited as the Financial Procedure (Amendment) Act, 1968.

Amendment of section 12

2. Subsection (3) of section 12 of the Financial Procedure Act, 1966, is hereby amended —

(a)

by deleting paragraph (a) thereof and substituting therefor the following new paragraphs: —

“(a)

The Minister may by warrant under his hand authorise the issue from the Consolidated Fund of sums to meet expenditure —

(i)	appropriated by a Supply Act or any other law; or
(ii)	approved by a resolution of Parliament in accordance with the provisions of clause (4) of Article 86 of the Constitution:

Provided that the aggregate of such sums under each head of expenditure shall not exceed the total sum so approved.

(b)

The Minister may by warrant under his hand authorise the issue from the Consolidated Fund of sums to meet expenditure approved by a resolution of Parliament in accordance with the provisions of clause (6) of Article 86 of the Constitution.”; and

(b)

by relettering the existing paragraph (b) thereof as paragraph (c).

Amendment of section 18

3. Section 18 of the Financial Procedure Act, 1966, is hereby amended by deleting paragraph (a) thereof and substituting therefor the following: —

“(a)

a full and particular account of the Consolidated Revenue Account stating under the heads and subheads of the estimates or supplementary estimates laid before Parliament in accordance with the provisions of Article 84, 85, 86 or 87 of the Constitution in respect of that year the amounts estimated to be received and spent in that year and the amounts actually received and spent in that year;”.