Statement by the Maltese EU Presidency on the Russia’s ongoing aggression against Ukraine and illegal occupation of Crimea
Temporary increase of capital limit of Contingencies Fund
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 to have effect in relation to times after 31 March 2021 but before 1 April 2022 as if the reference to 2 per cent were to 12 per cent.
Short title
This Act may be cited as the Contingencies Fund Act 2021.