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The Assam Contingency Fund (Amendment) Act, 2007, was a temporary fiscal measure enacted by the Assam State Legislature to address immediate liquidity requirements. Its primary purpose was to temporarily increase the corpus of the State’s Contingency Fund by an additional two hundred crore rupees. The Contingency Fund acts as an emergency reserve, allowing the government to meet unforeseen expenditures before obtaining formal legislative approval. By amending the principal Act of 1950, this legislation ensured the state had sufficient funds for urgent needs between June 2007 and March 2008. It is a technical financial statute governing state treasury operations.
Official Legislative Text
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Chronological legislative evolution of The Assam Contingency Fund (Amendment) Act, 2007 across statutory gazettes and amending Acts.