FEDERAL CAPITAL TERRITORY STATUTORY APPROPRIATION ACT, 2022
Section 1: Issue an appropriation of N607,952,023,580.00 from Federal Capital Territory Administration Statutory Revenue Fund.
(1) The Director of Treasury of the Federal Capital Territory Administration shall, when authorised to do so by warrants signed by the Minister of the Federal Capital Territory to pay out of the Federal Capital Territory Administration Statutory Revenue Fund of the Federal Capital Territory Administration during the financial year 2022 the sum specified by the warrants, not exceeding in the aggregate N607,952,023,580.00 (Six Hundred and Seven Billion, Nine Hundred and Fifty Two Million, Twenty Three Thousand, Five Hundred and Eighty Naira) only.
(2) The amount mentioned in subsection (1) shall be appropriated to Heads of Expenditure as indicated in the Schedule to this Act. [Schedule]
Section 2: Release of Funds.
All amounts appropriated under this Act shall be made from the Federal Capital Territory Administration Statutory Revenue Fund only for the purposes specified in the Schedule to this Act.[Schedule]
Section 3: Payment of Revenue into the Statutory Account.
(1) All revenues accruing to the Federal Capital Territory Administration, including the Statutory Revenue distribution shall be paid into the Federal Capital Territory Administration's Statutory Revenue Account.
(2) No monies shall be withdrawn from the Account mentioned in subsection (1) without appropriation by the National Assembly.
Section 4: Virement.
In the event that the implementation of any of the projects intended to be undertaken under this Act cannot be completed without virement, such virement shall only be effected with the prior approval of the National Assembly.
Section 5: Quarterly report.
The Minister of Federal Capital Territory and the Director of Treasury Federal Capital Territory Administration shall immediately upon the coming into effect of this Act furnish the National Assembly, on a quarterly basis, the status of the records of the Federal Capital Territory Statutory Accounts.
Section 6: Waiver not to incur expenditure.
Where, due to revenue shortfall, amounts appropriated under this Act cannot be funded, the Minister of Federal Capital Territory shall seek from the National Assembly a waiver not to incur such expenditure.
Section 7: Concurrent expenditure.
Without prejudice to anything contained in this Act, the Federal Capital Territory Statutory Appropriation Act, 2022 shall run concurrently with the Federal Capital Territory Statutory Appropriation Act, 2023 till 30 June, 2023.
Section 8: Citation.
This Act may be cited as the Federal Capital Territory Statutory Appropriation Act, 2022.