FINANCE (CONTROL AND MANAGEMENT) ACT

Section 17: Provision if Appropriation Act not in force

1958Section 17 of 24Federal Republic of Nigeria

(1) If the Appropriation Act has not come into operation at the commencement of any financial year, the President may authorise the withdrawal of moneys from the Consolidated Revenue Fund of the Federation for the purpose of meeting expenditure necessary to carry on the services of the Government of the Federation for a period not exceeding six months or until the Appropriation Act comes into operation whichever is earlier.
(2) Any moneys so authorised to be withdrawn shall not exceed the amount authorised to be withdrawn under the provisions of the Appropriation Act passed by the National Assembly for the corresponding period in the immediately preceding financial year and shall be set off against the amount respectively provided in the Appropriation Act upon the same coming into operation.

Cite this section

Section 17, FINANCE (CONTROL AND MANAGEMENT) ACT (1958).

https://repo.podus.ai/laws/finance-control-and-management-act/section/17/