Explanatory Memorandum

Financial Provisions Act (Northern Ireland) 2009

2009 CHAPTER 9

15 December 2009

Commentary on Sections

Section 5: Expenditure for purposes of sustainable development.

This section empowers the Office of the First Minister and deputy First Minister to incur expenditure for any purpose calculated to contribute to the achievement of sustainable development. In particular, that Office may provide financial assistance to bodies which have among their objectives, the promotion of sustainable development. Financial assistance may include grants or loans (on condition that that Office may determine).