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Explanatory Memorandum to Budget (Northern Ireland) Order 2005

Article 5:  Revised limits on use of certain accruing resources in year ending 31st March 2005.

Paragraph (1) This article sets relevant limits on the total amount of accruing resources, including both operating and non-operating accruing resources that may be directed to be used for certain specified purposes as shown separately in the Estimates for 2004-05.

Paragraph (2) provides authority for the direction of accruing resources as specified in column 3 of Schedule 2 for the purposes specified in the corresponding entries in column 1 of that schedule.

Paragraph (3) provides authority for the accruing resources limits set by the Budget (No. 2) (Northern Ireland) Order 2004 to be superseded by the amounts specified in column 3 of Schedule 2 of the Budget (Northern Ireland) Order 2005.

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