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Fiscal Responsibility and Budget Management Act 2003 Complete Act

Title: Fiscal Responsibility and Budget Management Act 2003

State: Central

Year: 2003

Preamble1 - FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2003 Section1 - Short title, extent and commencement Section2 - Definitions Section3 - Fiscal Policy Statements to be laid before Parliament Section4 - Fiscal Management principles Section5 - Borrowing from Reserve Bank Section6 - Measures for fiscal transparency Section7 - Measures to enforce compliance Section8 - Power to make rules Section9 - Rules to be laid before each House of Parliament Section10 - Protection of action taken in good faith Section11 - Jurisdiction of civil courts barred Section12 - Application of other laws not barred Section13 - Power to remove difficulties

Fiscal Responsibility Act, 2002 (16 of 2002) Complete Act

Title: Fiscal Responsibility Act, 2002 (16 of 2002)

State: Karnataka

Year: 2002

Preamble 1 - KARNATAKA FISCAL RESPONSIBILITY ACT, 2002 Section 1 - Short title, extent and commencement Section 2 - Definitions Section 3 - Medium Term Fiscal Plan to be laid before the Legislature Section 4 - Fiscal Management Principles Section 5 - Measures for Fiscal Transparency Section 6 - Measures to enforce compliance Section 7 - Power to make rules Section 8 - Rules to be laid before Legislature Section 9 - Protection of action taken in good faith Section 10 - Application of other laws not barred Section 11 - Power to remove difficulties

Karnataka Local Fund Authorities Fiscal Responsibility Act, 2003 Complete Act

Title: Karnataka Local Fund Authorities Fiscal Responsibility Act, 2003

State: Karnataka

Year: 2003

Preamble 1 - KARNATAKA LOCAL FUND AUTHORITIES FISCAL RESPONSIBILITY ACT, 2003 Section 1 - Short title, extent and commencement Section 2 - Definitions Section 3 - Medium Term Fiscal Plan Section 4 - Financial management principles Section 5 - Measures for fiscal transparency Section 6 - Measure to enforce compliance to this Act Section 7 - Publication of financial document and annual report Section 8 - Power to make rules Section 9 - Protection of action taken in good faith Section 10 - Application of other laws Section 11 - Removal of difficulties

The Jharkhand Fiscal Responsibility and Budget Management Act, 2007 Complete Act

State: Jharkhand

Year: 2007

.....under sub-section (2) of Section 6; and (d) any other matter which is required to be and not inconsistent with the provisions of the Bill. Section 10 - Rules to be laid before the Legislative Assembly Every rule made under this Bill shall be laid, as soon as may be after it is made, before Legislative Assembly, while it is in session, before the expiry of the session or immediately following the session. Section 11 - Protection of action taken in good faith No suit, prosecution or other legal proceedings shall lie against the State Government or any officer of the State Government for anything which is in good faith done or intended to be done under this Bill or the rules made there under. Section 12 - Application of other laws not barred The provisions of this Bill shall be in addition to and not in derogation of, the provisions of any other law for the time being in force. Section 13 - Power to remove difficulties (1) If any difficulty arises in giving effect to the provisions of this Bill, the State Government may be, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as may appear be.....

The Orissa Fiscal Responsibility and Budget Management Act, 2005 Complete Act

State: Orissa

Year: 2005

.....of statement under sub-section (2) of section 6; and (d) any other matter which is required to be and not inconsistent with the provisions of !he Act. 10. Rules to be laid. Every rule made under this Act shall, as soon as may be after it is made, be laid before the State Legislature for a total period of fourteen days which may be comprised in one or more sessions and if during the said period the Stale Legislature makes modifications, if any, therein, the rule shall thereafter, have effect only in such modified form so, however, that such modification shall be without prejudice to the validity of anything previously done under that rule. 11. Protection of action taken in good faith. No suit, prosecution or other legal proceedings shall lie against the State Government or any officer of the State Government for anything which is in good faith done or intended to be done under this Act or the rules made thereunder, 12. Application of other laws not barred. The provisions of this Ad shall be in addition to and not in derogation of the provisions of any other law for the time being in force. 13. Power to remove difficulties. (1) Any difficulty arises in giving.....

The Haryana Fiscal Responsibility and Budget Management Act, 2005 Complete Act

State: Haryana

Year: 2005

.....lie against the State Government or any officer of the State Government for anything which is in good faith done or intended to be done under this Act or the rules made thereunder. 13. Application of other laws not barred.- The provisions of this Act shall be in addition to, and not in derogation of, the provisions of any other law for the time being in force. 14. Power to remove difficulties.- (1) If any difficulty arises in giving effect to the provisions of this Act, the State Government may, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as may appear to be necessary for removing the difficulty: Provided that no order shall be made under this section after the expiry of two years from the commencement of this Act. (2) Every order made under this section shall be laid, as soon as may be after it is made, before the State Legislature. 15. Power to make rules.- (1) The State Government may, by notification in the Official Gazette, make rules for carrying out the purposes of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide.....

The Chhattisgarh Fiscal Responsibility and Budget Management Act, 2005 Complete Act

State: Chattisgarh

Year: 2005

THE CHHATTISGARH FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2005 THE CHHATTISGARH FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2005 [Act No. 16 of 2005] ( Published in Chhattisgarh Rajpatra (Asadharan) dated 2-9-2005 Pages 410(44-48).) [2nd September, 2005] PREAMBLE An Act to provide for the responsibility of the State Government to ensure prudence in fiscal management and fiscal stability by progressive elimination of revenue deficit, reduction in fiscal deficit, prudent debt management consistent with fiscal sustainability, greater transparency in fiscal operations of the Government and conduct of fiscal policy in a medium term framework and for matters connected therewith or incidental thereto. Be it enacted by the Chhattisgarh State Legislature in the Fifty-sixth Year of the Republic of India as follows:- Section 1 - Short title, extent and commencement (1) This Act may be called the Chhattisgarh fiscal Responsibility and Budget Management Act, 2005. (2) It extends to the whole of State of Chhattisgarh. (3) It shall come into force from the date of its publication in the official Gazette. Section 2 - Definitions In this Act, unless.....

Fiscal Responsibility and Budget Management Act, 2003 Complete Act

State: Central

Year: 2003

.....shall lie against the Central Government or any officer of the Central Government for anything which is in good faith done or intended to be done under this Act or the rules made thereunder. SECTION 11: JURISDICTION OF CIVIL COURTS BARRED No civil court shall have jurisdiction to question the legality of any action taken by, or any decision of, the Central Government, under this Act. SECTION 12: APPLICATION OF OTHER LAWS NOT BARRED The provisions of this Act shall be in addition to, and not in derogation of, the provisions of any other law for the time being in force. SECTION 13: POWER TO REMOVE DIFFICULTIES (1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as may appear to be necessary for removing the difficulty : Provided that no order shall be made under this section after the expiry of two years from the commencement of this Act. (2) Every order made under this section shall be laid, as soon ;;s may be after it is made, before each House of Parliament. Central Bare Acts

Fiscal Responsibility Act, 2002 (16 of 2002) Section 4

Title: Fiscal Management Principles

State: Karnataka

Year: 2002

.....initial financial year on the 1st day of April, 2002, and ending on the 31st day of March, 2015; that the total liabilities at the end of the last financial year do not exceed twenty five per cent of the estimated gross state domestic product for that year; Provided that revenue deficit and fiscal deficit may exceed the limits specified under this sub-section due to ground or grounds of unforeseen demands on the finances of the State Government due to national security or natural calamity, subject to the condition that the excess beyond limits arising due to natural calamities does not exceed the actual fiscal cost that can be attributed to the calamities; Provided further that the ground or grounds specified in the first proviso shall be placed before the House of Legislature, as soon as may be, after it becomes likely that such deficit amount may exceed the aforesaid limits, with an accompanying report stating the likely extent of excess, and reasons therefor.

The Chhattisgarh Fiscal Responsibility & Budget Management (Amendment) Act, 2006 Complete Act

State: Chattisgarh

Year: 2006

.....RESPONSIBILITY & BUDGET MANAGEMENT (AMENDMENT) ACT, 2006 THE CHHATTISGARH FISCAL RESPONSIBILITY & BUDGET MANAGEMENT (AMENDMENT) ACT, 2006 [Act No. 15 of 2006] [ Published in the Chhattisgarh Rajpatra (Asadharan) dated 31-3-2006 Pages 240(1-2).] [31st March, 2006] PREAMBLE An Act to amend the Chhattisgarh Fiscal Responsibility and Budget Management Act, 2005. Be it enacted by the Chhattisgarh State Legislature in the Fifty-seventh Year of the Republic of India as follows: -- Section 1 - Short title and commencement (1) This Act may be called the Chhattisgarh Fiscal Responsibility and Budget Management (Amendment) Act, 2006. (2) It shall come into force from the date of its publication in the Official Gazette. Section 2 - Amendment of Section 3 For section 3 of the Chhattisgarh Fiscal Responsibility and Budget Management Act, 2005, the following shall be substituted namely:-- "3. Annual targets.--(1) By the 31st day of March, 2009, the State Government shall take appropriate measures to reduce the revenue deficit. The State shall make every endeavour to maintain nominal revenue surplus in each financial year beginning with.....