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Budget Measures Implementation (2005) Act (subsidiary legislation is still being compiled) (Cap. 475) Consolidated

BUDGET MEASURES IMPLEMENTATION (2005) [ CAP. 475. 1

CHAPTER 475

BUDGET MEASURES IMPLEMENTATION (2005) ACT

To implement various budget measures and other administrative measures.

1st January, 2005

ACT II of 2005, as amended by Legal Notice 427 of 2007.

1. The short title of this Act is the Budget Measures

Implementation (2005) Act.

2. The provisions of this Act shall be deemed to have come into force on the 1st January, 2005.

3. For the purpose of this Part, "revenue" has the same meaning as is assigned to it in article 2 of the Financia l Administration and Audit Act, but does not include proceeds from loans.

4. (1) Subject to the provisions of this Act, the Government of Malta may raise in Malta, by way of loan, a sum of money not exceeding three hundred and forty-nine million and four hundred and six thousand and nine eu ro and seventy-eight cents (349,406,009.78).

(2) For the purpose of raising the aforesaid loan the Minister responsible for finance is hereby authorised to issue stock in Malta und er t he p rov isio ns of t he Local Loans (Registered St ock and Securities) Ordinance on su ch term s and cond ition s as th e said Minister may approve.

Short title.

Coming into force of this Act.

Interpretation. Cap. 174.

Authority to raise loan.

Amended by:

L.N. 427 of 2007.

Cap. 161.

5. Any money borrowed under the authority of this Act shall be appropria ted and applied for the purpose of meeting excess expenditure over revenue incurred in the Consolidated Fund during the y ear 2 004 and that project ed to be or may oth e rwi s e be, incurred during the year 2005 or during subsequent years.

Purpose.