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Paragraph 174 Excess expenditure

United Kingdom

(1)

Where at the close of accounts for any financial year it is found that moneys have been expended on any expenditure in excess of the amount appropriated for it or for a purpose for which no moneys have been appropriated, the amount of excess expended, or not appropriated, as the case may be, shall be included in a statement of expenditure in excess which shall be presented to the Governor and the Island Council by the Director of Financial Services.

(2)

The Governor may, by directions in writing, allow the excess or the amount expended but not appropriated to stand charged to public funds.

Notes on Schedule

Modifications

C1

Sch. modified (22.8.2020) by The Overseas Territories (Constitutional Modifications) Order 2020 (S.I. 2020/780), arts. 1(2), 3(2)

Commencement

I1

Sch. in force at 1.9.2009, see art. 1(3)