Section 2 Limits on use of resourcesI1

Northern Ireland

(1)

Schedule 1 contains estimates relating to the persons mentioned in section 1(3) for the year ending 31 March 2024 (“Schedule 1 estimates”).

(2)

In the year ending 31 March 2024, a person mentioned in section 1(3) may use resources in accordance with subsections (3) to (7) and the Schedule 1 estimate relating to that person.

(3)

The person may use resources specified in column 2 of Part 1 of the estimate for the purposes specified in Part 2 of the estimate; but this is subject to subsections (4) to (7).

(4)

Where Part 1 of the estimate authorises the use of net resources for current purposes, the person—

(a)

may use resources up to the amount so authorised for current purposes;

(b)

must not use those resources for capital purposes.

(5)

Where Part 1 of the estimate authorises the use of net resources for capital purposes, the person—

(a)

may use resources up to the amount so authorised for capital purposes;

(b)

must not use those resources for current purposes.

(6)

Where Part 1 of the estimate authorises the use of net resources in relation to a category of expenditure, the person—

(a)

may use resources up to the amount so authorised for a purpose identified in the estimate as falling within that category of expenditure;

(b)

must not use those resources for any other purpose.

(7)

The categories of expenditure are—

(a)

expenditure subject to a departmental expenditure limit;

(b)

annually managed expenditure;

(c)

non-budget expenditure.

(8)

The authorisations in this section and in section 1 supersede those made by sections 1 and 2 of the Northern Ireland Budget (No.2) Act 2023, which total £27,403,514,000.

In relation to any amount of resource specified in column 2 of Part 1 of a Schedule 1 estimate, any increase or decrease by virtue of this section in the amount authorised is given in column 3 of that Part.

Annotations

Commencement

I1: S. 2 in operation at Royal Assent