Act Repealed Latest version as at 21 March 1997 (as enacted) | 1997 No 1

Imprest Supply (Third for 1996-97) Act 1997

Checking for related legislation...

Search content

Checking for alerts... Loading...

Contents

Short Title

Interpretation

Authority to spend public money

Authority to incur expenses

Authority to incur liabilities

Authority additional to that conferred by Imprest Supply (Second for 96/97) Act 1996

Appropriation required

Imprest Supply (Third for 1996-97) Act 1997

Public Act		1997 No 1
Date of assent		21 March 1997

	Title
1	Short Title
2	Interpretation
3	Authority to spend public money
4	Authority to incur expenses
5	Authority to incur liabilities
6	Authority additional to that conferred by Imprest Supply (Second for 96/97) Act 1996
7	Appropriation required
	Administrative information

An Act to authorise the Crown to spend public money and to incur expenses and liabilities during the financial year ending with 30 June 1997 in advance of appropriations by way of an Appropriation Act

BE IT ENACTED by the Parliament of New Zealand as follows:

1 Short Title

This Act may be cited as the Imprest Supply (Third for 1996/97) Act 1997.

2 Interpretation

In this Act, unless the context otherwise requires,—

(a)

The term “1996/97 year” means the financial year ending with 30 June 1997; and

(b)

The terms “expenses”, “financial year”, “liability”, “public money”, and “Vote” have the meanings given to them by section 2(1) of the Public Finance Act 1989.

3 Authority to spend public money

(1)

Public money may, during the 1996/97 year, be spent in advance of appropriation in relation to any Vote.

(2)

The amount of public money authorised by subsection (1) to be spent in the 1996/97 year must not exceed in the aggregate the sum of $300,000,000.

4 Authority to incur expenses

(1)

Expenses may, during the 1996/97 year, be incurred in advance of appropriation in relation to any Vote.

(2)

Expenses incurred under subsection (1) during the 1996/97 year must not exceed in the aggregate the sum of $2,100,000,000.

(3)

Public money, in addition to the public money that may be spent under the authority of sections 3(1) and 5(3), may be spent for the purpose of meeting expenses incurred under subsection (1).

5 Authority to incur liabilities

(1)

Liabilities may, during the 1996/97 year, be incurred in advance of appropriation in relation to any Vote.

(2)

Liabilities incurred under subsection (1) during the 1996/97 year must not exceed in the aggregate the sum of $400,000,000.

(3)

Public money, in addition to the public money that may be spent under the authority of sections 3(1) and 4(3), may be spent for the purpose of meeting liabilities incurred under subsection (1).

6 Authority additional to that conferred by Imprest Supply (Second for 96/97) Act 1996

The authority conferred by this Act to spend public money and to incur expenses and liabilities is in addition to, and not in substitution for, the authority conferred by the Imprest Supply (Second for 1996/97) Act 1996.

7 Appropriation required

All public money spent under section 3(1), all expenses incurred under section 4(1), and all liabilities incurred under section 5(1) must be charged in the manner specified in an Appropriation Act for the 1996/97 year and, until the coming into force of the Appropriation Act in which that manner is specified, may be spent or incurred during the 1996/97 year as if they had been spent or incurred in accordance with 1 of the separate appropriations specified in section 4(3) of the Public Finance Act 1989.

This Act is administered in the Treasury.

Imprest Supply (Third for 1996-97) Act 1997