Transfers from National Development Loans Account

FIRST SCHEDULE Imprest Grants Out of Accounts Within the Public Account

SECOND SCHEDULE Imprest Grants Out of Accounts Outside the Public Account

THIRD SCHEDULE Transfers from National Development Loans Account

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Imprest Supply Act 1970

Public Act		1970 No 3
Date of assent		29 June 1970

	Title
1	Short Title
2	Imprest grants
3	Transfers from National Development Loans Account
	FIRST SCHEDULE Imprest Grants Out of Accounts Within the Public Account
	SECOND SCHEDULE Imprest Grants Out of Accounts Outside the Public Account
	THIRD SCHEDULE Transfers from National Development Loans Account
	Administrative information

An Act to apply certain sums of money out of the Public Account and other accounts towards the service of the current financial year

BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:

1 Short Title

(1)

This Act may be cited as the Imprest Supply Act 1970.

(2)

This Act relates to the year ending with the 31st day of March 1971 (hereinafter referred to as this year).

2 Imprest grants

(1)

In addition to all sums otherwise granted, there may be issued and applied, by way of imprest, towards the service of this year,—

(a)

Out of the respective accounts (being part of the Public Account) mentioned in the First Schedule to this Act, any sums not exceeding in respect of any such account the appropriate amount specified in that Schedule, and not exceeding in the aggregate the sum of $355,000,000:

(b)

Out of the respective accounts mentioned in the Second Schedule to this Act, any sums not exceeding in respect of any such account the appropriate amount specified in that Schedule, and not exceeding in the aggregate the sum of $37,900,000.

(2)

All sums issued and applied under this section shall be charged in the manner hereafter to be expressed in the Appropriation Act for this year.

3 Transfers from National Development Loans Account

(1)

In addition to all sums otherwise authorised, there may from time to time during this year, without further authority than this section, be transferred from the National Development Loans Account to the respective accounts mentioned in the Third Schedule to this Act any sums not exceeding in respect of any such account the appropriate amount specified in that Schedule, and not exceeding in the aggregate the sum of $69,000,000.

(2)

All sums transferred under this section shall be included in the amounts to be authorised to be transferred from the National Development Loans Account by the Appropriation Act for this year.

SCHEDULES

FIRST SCHEDULE Imprest Grants Out of Accounts Within the Public Account

Section 2(1)(a)

	$
The Consolidated Revenue Account	270,000,000
The Works and Trading Account	85,000,000
	$355,000,000

SECOND SCHEDULE Imprest Grants Out of Accounts Outside the Public Account

Section 2(1)(b)

	$
The Earthquake and War Damage Fund	60,000
The Government Life Insurance Account	350,000
The Maori Trustee’s Account	160,000
The Post Office Account	36,000,000
The Public Trustee’s Account	720,000
The State Insurance Account	610,000
	$37,900,000

THIRD SCHEDULE Transfers from National Development Loans Account

Section 3

	$
The Post Office Account	5,000,000
The State Advances Corporation of New Zealand Account	25,000,000
The Works and Trading Account	39,000,000
	$69,000,000

This Act is administered in the Treasury.

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Imprest Supply Act 1970