Act Repealed Latest version as at 28 June 2001 (as enacted) | 2001 No 39

Imprest Supply (First for 2001-02) Act 2001

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Authority to spend public money

Authority to incur expenses

Authority to incur liabilities

Appropriation required

Legislative history

Imprest Supply (First for 2001-02) Act 2001

Public Act		2001 No 39
Date of assent		28 June 2001
Commencement		see section 2

1	Title
2	Commencement
3	Expiry
4	Interpretation
5	Authority to spend public money
6	Authority to incur expenses
7	Authority to incur liabilities
8	Appropriation required
	Legislative history
	Administrative information

The Parliament of New Zealand enacts as follows:

1 Title

This Act is the Imprest Supply (First for 2001/02) Act 2001.

2 Commencement

This Act comes into force on 1 July 2001.

3 Expiry

This Act expires on the coming into force of the first Appropriation Act for the 2001/02 year.

4 Interpretation

In this Act, unless the context otherwise requires,—

2001/02 yearmeans the financial year ending with 30 June 2002

expenses, financial year, liability, public money, and Votehave the meanings given to them by section 2(1) of the Public Finance Act 1989.

5 Authority to spend public money

(1)

Public money may, during the 2001/02 year, be spent in advance of appropriation in relation to any Vote.

(2)

The total amount of public money authorised by subsection (1) to be spent in the 2001/02 year must not exceed in the aggregate the sum of $50,000,000.

6 Authority to incur expenses

(1)

Expenses may, during the 2001/02 year, be incurred in advance of appropriation in relation to any Vote.

(2)

Expenses incurred under subsection (1) during the 2001/02 year must not exceed in the aggregate the sum of $6,750,000,000.

(3)

Public money, in addition to the public money that may be spent under the authority of sections 5(1) and 7(3), may be spent for the purpose of meeting expenses incurred under subsection (1).

7 Authority to incur liabilities

(1)

Liabilities may, during the 2001/02 year, be incurred in advance of appropriation in relation to any Vote.

(2)

Liabilities incurred under subsection (1) during the 2001/02 year must not exceed in the aggregate the sum of $4,500,000,000.

(3)

Public money, in addition to the public money that may be spent under the authority of sections 5(1) and 6(3), may be spent for the purpose of meeting liabilities incurred under subsection (1).

8 Appropriation required

All public money spent under section 5(1), all expenses incurred under section 6(1), and all liabilities incurred under section 7(1) must be charged in the manner specified in an Appropriation Act for the 2001/02 year and, until the coming into force of the Appropriation Act in which that manner is specified, may be spent or incurred during the 2001/02 year as if they had been spent or incurred in accordance with one of the separate appropriations specified in section 4(3) of the Public Finance Act 1989.

Legislative history

27 June 2001		Introduction, first reading, second reading, third reading (Bill 138–1)
28 June 2001		Royal assent

This Act is administered in the Treasury.

Imprest Supply (First for 2001-02) Act 2001