FEDERAL CAPITAL TERRITORY SUPPLEMENTARY STATUTORY APPROPRIATION ACT, 2024
Section 1: Issue and appropriation of N98,500,000,000 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 Federal Capital Territory Administration with responsibility to pay out of the Federal Capital Territory Administration Statutory Revenue Fund of the Federal Capital Territory Administration during the financial year 2024 the sum specified by the warrants, not exceeding in the aggregate N98,500,000,000 (ninety-eight billion, five hundred million 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(2) No monies shall be withdrawn from the Account mentioned in section 3(1) without appropriation by the National Assembly.
Section 4: 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 5: Citation.
This Act may be cited as the Federal Capital Territory Supplementary Statutory Appropriation Act, 2024.