Imprest Supply (Second for 2010/11) Act 2010

1: Title
This Act is the Imprest Supply (Second for 2010/11) Act 2010.
2: Commencement
This Act comes into force on the day after the date on which it receives the Royal assent.
3: Purposes
The purposes of this Act are—
a: to authorise expenses and capital expenditure to be incurred by the Crown and Offices of Parliament during the 2010/11 year in advance of appropriation by way of an Appropriation Act; and
b: to enable the net asset holdings of departments and Offices of Parliament to exceed the amounts confirmed in the Appropriation (2010/11 Estimates) Act 2010.
4: Interpretation
1: In this Act, unless the context otherwise requires,— 2010/11 year department section 2(1) expenses section 2(1)
2: In this Act, unless the context otherwise requires, asset capital expenditure financial year intelligence and security department Minister Office of Parliament operating surplus remeasurements Responsible Minister Vote section 2(1)
5: Authority to incur expenses
1: Expenses may, during the 2010/11 year, be incurred in advance of appropriation in relation to any Vote.
2: Expenses incurred under subsection (1)
6: Authority to incur capital expenditure
1: Capital expenditure may, during the 2010/11 year, be incurred in advance of appropriation in relation to any Vote.
2: Capital expenditure incurred under subsection (1)
7: Appropriation required
1: All expenses incurred under section 5(1) section 6(1)
2: Until the coming into force of that Appropriation Act, those expenses and that capital expenditure may be incurred during the 2010/11 year as if they had been incurred in accordance with one of the separate appropriations specified in section 7(1)
8: Authority under this Act is authority for purposes of sections 4(1) and 26C(1) of Public Finance Act 1989
1: The authority given by this Act to incur expenses or capital expenditure in advance of appropriation is an authority under an Act for the purposes of sections 4(1) 26C(1)
2: However, subsection (1) section 7(1)
9: Authority to exceed net assets confirmed in Appropriation Act
1: In this section,— excess amount projected balance
2: The amount of net asset holding in a department or an Office of Parliament during the 2010/11 year may exceed the projected balance for that department or Office of Parliament.
3: However, the aggregate of the excess amounts for all departments and Offices of Parliament together with the total net asset holding of any department that is not listed in Schedule 5 of the Appropriation (2010/11 Estimates) Act 2010 must not exceed $700 million.
4: For the purposes of subsections (1) and (2)
a: any operating surplus retained as agreed between the Minister and the Responsible Minister for a department or an Office of Parliament in accordance with section 22(1) of the Public Finance Act 1989 that is not reflected in Schedule 5 of the Appropriation (2010/11 Estimates) Act 2010; or
b: any remeasurement of a department’s or an Office of Parliament’s reported net asset holding as set out in section 22(2)
5: Subsections (2) and (3) section 22(3)
10: Repeal of this Act
This Act is repealed on the close of 30 June 2011. 2011-07-01 Imprest Supply (Second for 2010/11) Act 2010