Paragraph 118 Contingencies
United Kingdom
The Minister of Finance, if he or she is satisfied that there is an urgent and unforeseen need for expenditure for which no provision or insufficient provision has been made by an F1appropriation law enacted by the Legislature or a supplementary appropriation law enacted by the Legislature, may, by a Contingencies Warrant under his or her hand and in anticipation of the grant of an appropriation by the Legislature, authorise an advance from the Consolidated Fund to meet that need and shall forthwith report his or her action to the Cabinet.
No Contingencies Warrant shall be issued by the Minister of Finance without the prior approval of the Governor, acting in his or her discretion, and the F2Parliament shall be invited to approve the expenditure resulting from any Contingencies Warrant issued by the Minister.
An advance made under subsection (1) shall be subject to F3any law enacted by the Legislature and to any restrictions imposed by the Parliament by resolution from time to time.
Annotations
Textual amendments
- F1
Words in Sch. 2 s. 118(1) substituted (coming into force in accordance with art. 1(3) of the amending S.I.) by The Turks and Caicos Islands Constitution (Amendment) Order 2024 (S.I. 2024/1128), art. 7(3) (with art. 4)
- F2
Word in Sch. 2 substituted (coming into force in accordance with art. 1(3) of the amending S.I.) by The Turks and Caicos Islands Constitution (Amendment) Order 2024 (S.I. 2024/1128), art. 8(1) (with arts. 4, 8(2))
- F3
Words in Sch. 2 s. 118(3) substituted (coming into force in accordance with art. 1(3) of the amending S.I.) by The Turks and Caicos Islands Constitution (Amendment) Order 2024 (S.I. 2024/1128), art. 7(5) (with art. 4)