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EXCHEQUER AND FINANCIAL PROVISIONS ACT (NORTHERN IRELAND) 1950 - SECT 33

Provision for the charging of capital expenditure on voluntary schools.

33.(1) There shall be charged on and issued out of the Consolidated Fund or
(if the Ministry so directs) out of moneys provided by Parliament, the amount
of any payments made or to be made on or after the first day of April,
nineteen hundred and forty-eight by the Ministry of Education for the purpose
of the provision, equipment, alteration, enlargement or reconstruction of
voluntary schools under [Article 106 of the Education and Libraries (Northern
Ireland) Order 1972, or any payment by that Ministry to boards under Article
104 (1) of that Order for the purpose of meeting expenses incurred in
connection with any permanent works the cost of which is properly chargeable
to capital or for any other purpose for which capital moneys may properly be
applied] [so, however, that the aggregate of the sums to be charged on and
issued out of the Consolidated Fund under this sub-section shall not unless
and until Parliament otherwise determines exceed [ninety-eight million
pounds]].

(2) The Ministry may borrow money for the purpose of providing money for
issues out of the Consolidated Fund by virtue of the preceding sub-section.

(3) Moneys borrowed by virtue of the preceding sub-section shall be repaid
within any period or periods not exceeding twenty-five years from the date of
borrowing, and any sums so issued out of the Consolidated Fund may be repaid
to the Exchequer out of moneys provided by Parliament ....[

© 1950 Crown Copyright

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