Annual Appropriation Act definition
Examples of Annual Appropriation Act in a sentence
South Carolina’s Annual Appropriation Act, the State’s legally adopted budget, does not present budgets by GAAP fund.
The term does not include estimates of receipts for the proposed expenditure under an Annual Appropriation Act.
Appropriations provided under the Annual Appropriation Act are recognised as revenue when received.
The current Constitution came into force in April 2017 and comprises relevant budgetary principles such as:• the requirement to strictly maintain its financial and fiscal discipline (Section 62)• a fair tax system (Section 62)• the legal authority for expenditure (Section 140)3• disclosure of budget information to be provided with the Annual Appropriation Act (Section 142)4• constitutional restrictions on parliament’s role (Section 143-144).Thailand is modelled after the Westminster system.
The Annual Appropriation Act in its Section 519 authorizes the Minister to borrow (in that fiscal year, and to be repaid by 31 October in the following fiscal year) for the full amount of the expenditure appropriated.
Section 79 applies if: after the enactment of the ordinary Annual Appropriation Act for a financial year, the public business of departments is redistributed; and because of the redistribution a departmental service, administered item or equity adjustment relating to a department (the transferor department) becomes a departmental service, administered item or equity adjustment of another department (the transferee department).
Budget Sector agencies are those which receive an appropriation in the Annual Appropriation Act.
There are two pieces of legislation currently in question – the Annual Appropriation Act, and the Loans, Guarantee and Grants Act (1974, as amended).
Supplementary appropriations are required in the following cases:—(1) When the amount authorised by the Annual Appropriation Act to be expended for a particular service for the current financial year is found to be insuffi- cient for that year.
If feed costs were 50% lower, net returns among all 2 We considered estimating a mixed logit model to account for UT REC as a random effect.