Contingencies Fund Act 2020
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1"><num>1</num><heading>Temporary increase of capital limit of Contingencies Fund</heading><subsection eId="section-1-1"><num>(1)</num><content><p>Section 1(1) of the Contingencies Fund Act 1974 (which provides that the c
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-1"><num>(1)</num><content><p>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 end
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-2"><num>(2)</num><content><p>The reference to 2 per cent is to be read as if it were a reference to 50 per cent.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-3"><num>(3)</num><content><p>The modification made by subsection (2) has effect in relation to any time before 1 April 2021.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2"><num>2</num><heading>Short title</heading><content><p>This Act may be cited as the Contingencies Fund Act 2020.</p></content></section>