Commentary on Sections
Section 1: Issue of sum out of the Consolidated Fund for the year ending 31st March 2011 and appropriation of that sum
Sub-section (1) authorises the issue out of the Consolidated Fund of Northern Ireland of the sum of £7,019,163,000 for 2010-11.
Sub-section (2) appropriates that sum for the purposes specified in column 1 of Schedule 1.
Section 2: Power of the Department of Finance and Personnel to borrow
This section authorises the temporary borrowing by the Department of Finance and Personnel of approximately half the sum covered by Section 1 (1). This is a normal safeguard against the possibility of a temporary deficiency arising in the Northern Ireland Consolidated Fund.
Section 3: Use of resources (other than accruing resources) in year ending 31st March 2011
This section authorises the use of resources amounting to £7,569,483,000 for 2010-11, for the purposes specified in column 1 of Schedule 2.
Section 4: Limit on use of accruing resources in year ending 31st March 2011
This section sets the limits on the accruing resources that may be directed to be used for certain specified purposes in the year ending 31st March 2011 in addition to the resources authorised by Section 3. Sub-section (2) provides authority for the direction of accruing resources as specified in column 3 of Schedule 2 to be used for the purposes specified in the corresponding entries in column 1 of that Schedule.
Section 5: Cash excesses for year ending 31st March 2009
Sub-section (1) authorises the issue of £16,272,049.74 from the Consolidated Fund of Northern Ireland in respect of two Departments that exceeded the authorised provision in 2008-09. This section gives effect to the 2008-09 Statement of Excesses following the report of the Public Accounts Committee confirming that it sees no objection to the sums necessary being provided by Excess Votes.
Sub-section (2) appropriates that sum for the purposes specified in column 1 of Schedule 3.
Section 6: Repeal of spent provisions
This section removes from the statute book a Budget Order and a Budget Act which are no longer operative.
Section 7: Interpretation
As in Budget Act.
Section 8: Short title
This section sets out the title of the Act.
