Public Funds - Law Dictionary Search Results
Total liabilities
Total liabilities, means the liabilities under he Consolidated Fund of India and the public account of India. [Fiscal Responsibility and Budget Management Act, 2003 (39 of 2003), s. 2(f)]Means the liabilities under the consolidated fund of the State of Gujarat and the public account of the State. [Gujarat Fiscal Responsibility Act, 2005, s. 2(i)]Means the explicit liabilities under consolidated fund of the State and the Public Account of the State including General Provident Fund. [Rajasthan Agricultural Produce Markets Act, 2005, s. 2(p)]...
Public funds
Public funds. See FUNDS....
Funds, public
Funds, public, the name given to the public funded debt due by Government. The practice of borrow-ing money to defray a part of the war expenditure began, with us, in the reign of William III. In the infancy of the practice it was customary to borrow upon the security of some tax, or portion of a tax, set apart as a fund for discharging the principal and interest of the sum borrowed. This discharge was rarely effected. The public exigencies still continuing, the loans were continued, or the taxes again mortgaged for fresh ones. At length the practice of borrowing for a fixed period, or, as it is called, upon terminable annuities, was abandoned, and loans made upon interminable annuities, or until it might be convenient for the Government to pay off the principal. Such loans are called Funded Debt, or 'The Funds'; loans for a fixed period are said to be 'Unfunded'.In the beginning of the funding system the term 'fund' meant the taxes or funds appropriated to the discharge of the princip...
Public authority
Public authority, in the policy statement is not a term of art. It must be construed in a purpose way, taking particular account of the context, McFarland HL(NI) (in re:), (2004) 1 WLR 1289.Is a body, not necessarily a country council, municipal corporation or other local authority, which has public or statutory duties to perform and which perform those duties and carries out its transactions for the benefit of the public and not for private profit, Halsbury's Laws of England, 3rd Edn., Vol. 30, p. 682.Means any authority or body established or con-stituted,--(i) by or under the Constitution;(ii) by any law made by the appropriate Government,and includes any other body owned, controlled or substantially financed by funds provided directly or indirectly by the appropriate Government. [Freedom of Information Act, 2002 (5 of 2003), s. 2(f)]Public Authority--Karnataka University being an authority under Article 12 of the constitution is covered by the definition of public authority, Shivan...
Borough Funds Acts
Borough Funds Acts. The (English) Borough Funds Act, 1872 (35 & 36 Vict. c. 91) (commonly called Leeman's Act), authorized borough councils and governing bodies of other urban districts to apply public funds under their control to promoting or opposing bills in Parliament or to prosecute or defend legal proceedings in the interest of their constituents, but will not allow of their indemnifying the chief constable for costs he has incurred in opposing a licensing appeal at Quarter Sessions, Tynemouth Corporation v. A.-G., 1899 AC 293; and the Borough Funds Act, 1903 (3 Edw. 7, c. 14), has materially amended that Act by requiring the resolutions of councils to promote bills to be submitted to public meetings, and dispensing with the consent of owners and rate-payers to incurring expense in opposing bills. See now the (English) Local Government Act, 1933 (23 & 24 Geo. 5, c. 51), ss. 254 et seq., which consolidates and amends both the 1872 and 1903 Acts, but does not apply to London. See C...
Dormant funds
Dormant funds, funds in Court which have not been dealt with for fifteen years. See R.S.C. Ord. XXII., r. 11, as to service on the Official Solicitor; (English) Supreme Court Funds Rules, 1927, r. 96. As to triennial publication of list of funds, see UNCLAIMED PROPERTY....
Public street
Public street, means any street, road square, court, alley, passage or riding path over which the public have a right of way whether a thoroughfare or not and includes (a) the roadway over any public bridge or causeway; (b) the foot-way attached to any such street, public bridge or causeway; and (c) the drains attached to any such street, public bridge or causeway and the land, whether covered or not by any pavement, veranda, or other structure, which lies on either side of the roadway up to the boundaries of the adjacent property, whether that property is private property or property belonging to the government. [Madras City Municipal Corporation Act, 1919, s. 2(20)]Public street, shall mean any street--(i) heretofore levelled, pared, mettaled, channeled sweered or repaired out of municipal or other public fund; unless before such work was carried out, there was an agreement with the proprietor that the street should not thereby become a public street, or unless such work was done wit...
treasury
treasury pl: -sur·ies 1 a : a place in which stores of wealth are kept b : the place of deposit and disbursement of collected funds ;esp : one where public revenues are deposited, kept, and disbursed c : funds kept in such a depository 2 cap a : a governmental department in charge of finances and esp. the collection, management, and expenditure of public revenues b : the building in which the business of such a governmental department is transacted 3 cap : a government security (as a note or bill) issued by the Treasury ...
Omnium
Omnium, means the total amount or value of the items in a combined fund or stock, Black's Law Dictionary, 7th Edn., p. 1116.It the aggregate of certain portions of different stocks in the public funds, Com. term...
Dividend
Dividend, a share, the part allotted in division; the interest paid on the public funds; the share of profits of a company payable to each shareholder (see Articles 89 to 96 of Table A to Companies Act, 1929, and ss. 120-123 of the Companies Clauses Consolidation Act, 1845); a distributive share of a bankrupt's estate or on the winding-up of the company, of its assets.As to the liability upon a company in respect of a dividend when the warrant for it, having been duly posted, is lost in the post, see Thairlwal v. G.N. Ry., (1910) 2 KB 509l.Dividend means the share of the subscriber in the amount of discount available under the chit agreement for rateable distribution among the subscribers at each instalment of chit. [Chit Funds Act, (40 of 1982), s. 2(h)]Dividend, is a share of profits, whether at a fixed rate or otherwise, allocated to the holders of shares in a company, Henry v. Great Northern Rly. Co., (1857) 1 De G&J 606.'Dividend' in its ordinary connotations means the sum paid to...
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