Bare Act Search Results

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

.....or any other person exercising any power or discharging any function or performing any duty under this Act, for anything done in good faith or intended to be done under this Act or any rule made thereunder. Section 10 - Bar of jurisdiction of civil courts No civil court shall entertain any suit or proceeding against any decision made or order passed by the officer or authority under this Act or any rule made thereunder. Section 11 - Act not in derogation of any other law The Provisions of this Act shall be in addition to and not in derogation of any other law for the time being in force. Section 12 - Power to remove difficulties (1) If any difficulty arises in giving effect to the provisions of the Act, the State Government may, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of the Act as may be deemed 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 the Act. (2) Every order made under this section shall be laid, before the State Legislature. Chhatisgarh State Acts

Karnataka Local Fund Authorities Fiscal Responsibility Act, 2003 Section 3

Title: Medium Term Fiscal Plan

State: Karnataka

Year: 2003

.....local fund authority for the ensuing financial year relating to expenditure, borrowings and other liabilities, lending and investments. and all such activities which have potential budgetary implications and the key fiscal measures and targets pertaining to each of these; (g) an evaluation as to how the current policies of the local fund authority are in conformity with the financial management principles set out in section 4 and the fiscal objectives set out in the Medium Term Fiscal Plan; (h) a clear linkage of the physical and financial targets; (i) the key performance areas and corresponding performance indicators in as much quantitative detail as possible. (5) The Medium Term Fiscal Plan shall be the source document for the preparation of the annual budget and shall address the prime needs of the citizens as relevant to the specific local fund authority such as water supply, construction of road, education, public health, solid waste management and the like. (6) The Medium Term Fiscal Plan shall have a functional focus and provide for backend modalities such as fund based accounting system (FBAS), computerisation and a realistic and transparent budgeting process. .....

Fiscal Responsibility Act, 2002 (16 of 2002) Section 6

Title: Measures to Enforce Compliance

State: Karnataka

Year: 2002

.....under any Act to provide for the appropriation of such sums, or by taking interim measures for revenue augmentation, or by taking up a combination of both. Provided that nothing in this sub-section shall apply to the expenditure charged on the Consolidated Fund of the State under clause (3) of article 202 of the Constitution. Provided further that, while adhering to the fiscal targets, the State Government will give priority to protecting certain expenditure declared in the Medium Term Fiscal Plan as high priority development expenditure (including, inter alia, elementary education, basic health and rural water supply) from curtailment or may impose a reduced or partial curtailment. (5) Whenever one or more supplementary estimates are presented to the Houses of Legislature, the State Government shall also present an accompanying statement indicating the corresponding curtailment of expenditure and/or augmentation of revenue to fully offset the fiscal impact of the supplementary estimates in relation to the budget targets of the current year and the Medium Term Fiscal Plan objectives and targets for the future year.

Fiscal Responsibility Act, 2002 (16 of 2002) Section 3

Title: Medium Term Fiscal Plan to Be Laid Before the Legislature

State: Karnataka

Year: 2002

.....of the State Government for the ensuing financial year relating to taxation, expenditure, borrowings (including borrowings by Public Sector Undertakings and Special Purpose Vehicles and other equivalent instruments where liability for repayment is on the State Government, with ceiling fixed for each agency) and other liabilities, lending and investments, pricing of administered goods and services and description of other activities, such as guarantees and activities of Public Sector Undertakings which have potential budgetary implications; and the key fiscal measures and targets pertaining to each of these; (f) an evaluation as to how the current policies of the State Government are in conformity with the fiscal management principles set out in Section 4 and the fiscal objectives set out in the Medium Term Fiscal Plan. (5) The Medium Term Fiscal Plan shall be in such form as may be prescribed.

The Kerala Fiscal Responsibility Act, 2003 Complete Act

State: Kerala

Year: 2003

THE KERALA FISCAL RESPONSIBILITY ACT, 2003 THE KERALA FISCAL RESPONSIBILITY ACT, 2003 (ACT 29 OF 2003) An Act to provide for the responsibility of the Government to ensure prudence in fiscal management and fiscal stability by progressive elimination of revenue deficit and sustainable debt management consistent with fiscal stability, greater transparency in fiscal operations of the Government and conduct of fiscal policy in a medium term fiscal frame work and for matters connected therewith or incidental thereto. Preamble.- WHEREAS it is expedient to provide for the responsibility of the Government to ensure prudence in fiscal management and fiscal stability by progressive elimination of revenue deficit and sustainable debit management consistent with fiscal stability, greater transparency in fiscal operations of the Government and conduct of fiscal policy in a medium term fiscal frame work and for matters connected therewith or incidental thereto. BE it enacted in the Fifty-fourth Year of the Republic of India as follows:- 1. Short title and commencement.- (1) This Act may be called the Kerala Fiscal Responsibility Act, 2003. (2) It shall come into force, on such date.....

Fiscal Responsibility and Budget Management Act 2003 Section 4

Title: Fiscal Management Principles

State: Central

Year: 2003

(1) The Central Government shall take appropriate measures to reduce the fiscal deficit and revenue deficit so as to eliminate revenue deficit by the1[31st March, 2009] and thereafter build up adequate revenue surplus. (2) The Central Government shall, by rules made by it, specify-- (a) the annual targets for reduction of fiscal deficit and revenue deficit during the period beginning with the commencement of this Act and ending on the1[31st March, 2009] ; (b) the annual targets of assuming contingent liabilities in the form of guarantees and the total liabilities as a percentage of gross domestic product: Provided that the revenue deficit and fiscal deficit may exceed such targets due to ground or grounds of national security or national calamity or such other exceptional grounds as the Central Government may specify: Provided further that the ground or grounds specified in the first proviso shall be placed before both Houses of Parliament, as soon as may be, after such deficit amount exceed the aforesaid targets. ___________________________ 1. Substituted for the words "31st March, 2008" by the Finance (No.2) Act, 2004.

The Chhattisgarh Fiscal Responsibility & Budget Management (Amendment) Act, 2011 Complete Act

State: Chattisgarh

Year: 2011

.....(1) of Section 6 of the Principal Act the following sub-section shall be substituted, namely:-- "6(1) (a) The Minister-in-Charge of the Department of Finance (hereinafter referred to as Minister of Finance) shall review, every quarter, the trends in receipts and expenditure in relation to the budge: estimates and place before the State Legislature, the outcome of such reviews. (b) Fiscal targets mentioned in the Section 3 shall be reviewed atleast twice in a year by the state level committee headed by Chief Secretary of the State as notified under the provisions of the Act" Section 4 - Repeal The Chhattisgarh Fiscal Responsibility and Budget Management (Amendment) Ordinance, 2011 (No. 2 of 2011) is hereby repealed. Chhatisgarh State Acts