Clause 1
Short title and commencement
This Ordinance may be cited as the Financial Procedure (Amendment) Ordinance, 1963, and shall be deemed to have come into operation on the first day of January, 1963.
/akn/sg/act/bill/1963/191
Financial Procedure (Amendment) Ordinance
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- Type
- Bill
- Status
- In force
- Enacted
- 1963
- Sections
- 5
Quick answer
About this bill
Financial Procedure (Amendment) Ordinance is Singapore Bill, cited as Bill 191 1963, currently marked in force and first recorded in 1963.
Clause 2
Amendment of section 7
Subsection (3) of section 7 of the Financial Procedure Ordinance, 1959 (hereinafter in this Ordinance referred to as the “principal Ordinance”) is hereby amended —
(i)
by inserting immediately after paragraph (c) thereof the following new paragraph: —“(d)in any of the stocks, funds or securities, not hereinbefore mentioned, authorised for the time being in the United Kingdom for the investment of trust funds; or”; and
(ii)
by re-numbering the existing paragraph (d) thereof as paragraph (e).
Clause 3
Amendment of section 12
Section 12 of the principal Ordinance is hereby amended —
(i)
by deleting the full-stop appearing at the end of subsection (2) thereof and substituting therefor a colon, and by adding thereto the following proviso: —“Provided that the provisions of this subsection shall not apply to sums issued from the Consolidated Fund to meet the cost of any statutory expenditure charged upon the Consolidated Fund which is —
(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withdrawn from the Consolidated Fund in accordance with the provisions of subsection (4) of this section.”; and
(ii)
by inserting immediately after the word “any” appearing in the fourth line of subsection (4) thereof the word “written”.
Clause 4
New section 15A
The principal Ordinance is hereby amended by inserting immediately after section 15 thereof the following new section: —“Refunds, etc. charged on Consolidated Fund15A. Where any law provides for the payment of any refund, rebate or drawback in respect of any money paid into the Consolidated Fund under the authority of any law, and accounted in the Consolidated Revenue Account, the amount of such refund, rebate or drawback shall be charged on the Consolidated Fund.”.
Clause 5
Amendment of section 19
Section 19 of the principal Ordinance is hereby amended —
(i)
by inserting immediately after the word “moneys” appearing in the second line of paragraph (b) thereof the expression “or moneys administered by the Government”; and
(ii)
by inserting immediately after the word “moneys” appearing in the second line of paragraph (c) thereof the words “or moneys administered by the Government”.
Common questions
- What is Financial Procedure (Amendment) Ordinance?
- Financial Procedure (Amendment) Ordinance is Singapore Bill, cited as Bill 191 1963, currently marked in force and first recorded in 1963.
- Is Financial Procedure (Amendment) Ordinance still in force?
- Yes — Financial Procedure (Amendment) Ordinance is currently in force.
- When did Financial Procedure (Amendment) Ordinance take effect?
- Financial Procedure (Amendment) Ordinance was first recorded in 1963.
- How many clauses does Financial Procedure (Amendment) Ordinance have?
- Financial Procedure (Amendment) Ordinance contains 5 clauses.
- Where can I read the official version of Financial Procedure (Amendment) Ordinance?
- The official text of Financial Procedure (Amendment) Ordinance is published at sso.agc.gov.sg.