# Contingencies Fund Act 2020, Section 1: Temporary increase of capital limit of Contingencies Fund


(1) Section 1(1) of the Contingencies Fund Act 1974 (which provides that the capital of the Contingencies Fund must not exceed 2 per cent of the authorised supply expenditure for the year ending on the previous 31 March) is modified as follows.
(2) The reference to 2 per cent is to be read as if it were a reference to 50 per cent.
(3) The modification made by subsection (2) has effect in relation to any time before 1 April 2021.

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Source: https://www.legislation.gov.uk/ukpga/2020/6/section/1 (the official version)
Page: https://openlegislation.uk/contingencies-fund-act-2020/section-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.