Consolidated Fund Act
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A Consolidated Fund Act is an act of the
Parliament of the United Kingdom The Parliament of the United Kingdom of Great Britain and Northern Ireland is the supreme legislative body of the United Kingdom, and may also legislate for the Crown Dependencies and the British Overseas Territories. It meets at the Palace ...
passed to allow, like an
Appropriation Act An Appropriation Act is an Act of the Parliament of the United Kingdom which, like a Consolidated Fund Act, allows the Treasury to issue funds out of the Consolidated Fund. Unlike a Consolidated Fund Act, an Appropriation Act also "appropriate ...
, the
Treasury A treasury is either *A government department related to finance and taxation, a finance ministry; in a business context, corporate treasury. *A place or location where treasure, such as currency or precious items are kept. These can be ...
to issue funds out of the
Consolidated Fund In many states with political systems derived from the Westminster system, a consolidated fund or consolidated revenue fund is the main bank account of the government. General taxation is taxation paid into the consolidated fund (as opposed ...
.Bradley & Ewing (2003) ''pp''202-203 The typical structure of such an act begins with the
long title In certain jurisdictions, including the United Kingdom and other Westminster-influenced jurisdictions (such as Canada or Australia), as well as the United States and the Philippines, primary legislation has both a short title and a long title. The ...
, which defines which financial years the act applies to. This is followed by a preamble and then the
enacting clause An enacting clause is a short phrase that introduces the main provisions of a law enacted by a legislature. It is also called enacting formula or enacting words. It usually declares the source from which the law claims to derive its authority. ...
: Until 2000 an older form of preamble was used: If, as most of the acts do, the legislation covers two
fiscal year A fiscal year (also known as a financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. La ...
s the legislation's first two sections will contain the amounts to be paid out of the Consolidated Fund for each particular financial year. The third section of the act defines its
short title In certain jurisdictions, including the United Kingdom and other Westminster system, Westminster-influenced jurisdictions (such as Canada or Australia), as well as the United States and the Philippines, primary legislation has both a short title an ...
. Typically two or three consolidated fund acts are passed each calendar year. A Consolidated Fund Act normally becomes spent on the conclusion of the financial year to which it relates. However, the Consolidated Fund Act 1816 ( 56 Geo. 3. c. 98) is still in force, since it combined the consolidated funds of Great Britain and Ireland into one consolidated fund of the United Kingdom.


List


Consolidated Fund (Permanent Charges Redemption) Acts

The Consolidated Fund (Permanent Charges Redemption) Acts 1873 and 1883 was the
collective title A collective title is an expression by which two or more pieces of legislation may, under the law of the United Kingdom, be cited together. A famous example is the Parliament Acts 1911 and 1949. Construction of references to citation with a group ...
of the Consolidated Fund (Permanent Charges Redemption) Act 1873 ( 36 & 37 Vict. c. 57) and the Consolidated Fund (Permanent Charges Redemption) Act 1883 ( 46 & 47 Vict. c. 1).


Northern Ireland

The Consolidated Fund Measure (Northern Ireland) 1974 (c. 1 (NI)) was a measure of the
Northern Ireland Assembly The Northern Ireland Assembly (; ), often referred to by the metonym ''Stormont'', is the devolved unicameral legislature of Northern Ireland. It has power to legislate in a wide range of areas that are not explicitly reserved to the Parliam ...
. See further section 5(1) of the
Appropriation (Northern Ireland) Order 1974 An Appropriation Act is an Act of the Parliament of the United Kingdom which, like a Consolidated Fund Act, allows the Treasury to issue funds out of the Consolidated Fund. Unlike a Consolidated Fund Act, an Appropriation Act also "appropriate ...
(SI 1974/1266) (NI 1).Measures and Orders in Council 1974
pp 1 & 28. Parliamentary Papers (House of Commons and Command)
Volume 17
Northern Ireland Assembly, Official Report of Debates
vol 2
cols 1415, 1430 to 1446, 1466 to 1468, 1480, 1481, 1488, 1489. "Northern Ireland Measures" (1974
25
Northern Ireland Legal Quarterly 196. Hadfield
The Constitution of Northern Ireland
1989, p 117. Bleakley
Faulkner: Conflict and Consent in Irish Politics
1974, p 194.


References


Bibliography

* * *Norman Wilding and Philip Laundy. "Consolidated Fund Acts". An Encyclopaedia of Parliament. Third Edition. Frederick A Praeger. New York and Washington. 1968. Pages 167 and 168. See also pages 24, 25, 255, 264, 536 and 596. *Will Bateman. Public Finance and Parliamentary Constitutionalism. Cambridge University Press. 2020
Page 30
et seq. *Edward Hamilton, "Ways and Means Advances", 1893, reproduced in Wormell (ed). National Debt in Britain, 1850-1930. Routledge. 1999. Volume 6. Pages 117
118
to 121. See also pages 83 and 202.


External links

* {{UK legislation Acts of the Parliament of the United Kingdom Acts of the Parliament of Great Britain United Kingdom public law Public finance of the United Kingdom