Journal of the 1133rd Plenary Meeting of the Permanent Council
Temporary increase of capital limit of Contingencies Fund
subsection section-1-1
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.
subsection section-1-2
The reference to 2 per cent is to be read as if it were a reference to 50 per cent.
subsection section-1-3
The modification made by subsection (2) has effect in relation to any time before 1 April 2021.
Short title
This Act may be cited as the Contingencies Fund Act 2020.