Singapore legislation

Clause 12

of Financial Procedure Bill

Clause 12

Payment of moneys from the Consolidated Fund

(1)

No moneys shall be withdrawn from the Consolidated Fund except in the manner provided by this section.

(2)

The Minister shall by warrant under his hand authorise the issue from the Consolidated Fund of sums to meet the due cost of any service charged upon the Consolidatd Fund, and such sums shall be accounted in the Consolidated Revenue Account:Provided that the provisions of this subsection shall not apply to sums issued from the Consolidated Fund to meet the cost of any service charged upon the Consolidated Fund —

(a)

authorised by law to be met from moneys accounted in the Consolidated Loan Account; and

(b)

withdrawn from the Consolidated Fund in accordance with the provisions of subsection (4).

(3)

(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;

(ii)

approved by a resolution of Parliament, in accordance with the provisions of clause (2) of Article 85 of the Constitution; or

(iii)

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 in respect of such head.