Commentary on Sections
Section 1: Issue of sum out of the Consolidated Fund for the year ending 31st March 2012 and appropriation of that sum
Sub-section (1) authorises the issue out of the Consolidated Fund of Northern Ireland of the sum of £8,141,695,000 for 2011-12.
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 2012
This section authorises the use of resources amounting to £8,656,468,000 for 2011-12, for the purposes specified in column 1 of Schedule 2.
Section 4: Limit on use of accruing resources in year ending 31st March 2012
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 2012 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 excess for the year ending 31st March 2010
Sub-section (1) authorises the issue of £23,278,781.13 from the Consolidated Fund of Northern Ireland in respect of one Department that exceeded the authorised provision in 2009-10. This section gives effect to the 2009-10 Statement of Excess for that department following the report of the Public Accounts Committee confirming that it sees no objection to the cash sum necessary being provided by an Excess Vote.
Sub-section (2) appropriates that sum for the purposes specified in column 1 of Schedule 3.
Section 6: Resource excesses for the year ending 31st March 2010
Sub-section (1) authorises the use of resources by the two departments mentioned in Schedule 4 that exceeded the authorised provision in 2009-10.
Sub-section (2) authorises the amounts that may be used, as detailed in column 2 of Schedule 4, and the purposes for which they may be used, as specified in column 1 of that Schedule.
Sub-section (3) clarifies the additionality of the resources authorised by Section 6 over any existing statutory provision for 2009-10.
This section gives effect to the 2009-10 Statement of Excesses for the two departments following the report of the Public Accounts Committee confirming that it sees no objection to the resource amounts necessary being provided by Excess Votes.
Section 7: Repeal of spent provisions
This section removes from the statute book two Budget Acts which are no longer operative.
Section 8: Interpretation
As in Budget Act.
Section 9: Short title
This section sets out the title of the Act.
