Section 67 of The Jammu and Kashmir Reorganisation Act, 2019 in hindi
- (1)On and from the appointed day, all revenues received in the Union territory of Jammu and Kashmir by the Government of India or the Lieutenant Governor of the Union territory of Jammu and Kashmir in relation to any matter with respect to which the Legislative Assembly of the Union territory of Jammu and Kashmir has power to make laws, and all grants made and all loans advanced to the Union territory of Jammu and Kashmir from the Consolidated Fund of India and all loans raised by the Government of India or the Lieutenant Governor of the Union territory of Jammu and Kashmir upon the security of the Consolidated Fund of the Union territory of Jammu and Kashmir and all moneys received by the Union territory of Jammu and Kashmir in repayment of loans shall form one Consolidated Fund to be entitled “the Consolidated Fund of the Union territory of Jammu and Kashmir”.
- (2)No moneys out of such Consolidated Fund shall be appropriated except in accordance with, and for the purposes and in the manner provided in, this Act.
- (3)The custody of such Consolidated Fund, the payment of moneys into such Funds, the withdrawal of moneys therefrom and all other matters connected with or ancillary to those matters shall be regulated by rules made by the Lieutenant Governor.
Summary
- Section 67 creates a single Consolidated Fund to act as the primary government bank account for the Union territory of Jammu and Kashmir.
- It pools all revenues, grants from the Government of India, and loans raised by the territory into this one specific fund.
- It mandates that no money can be spent from this fund unless specifically authorised and appropriated by the laws set out in the Act.
- The Lieutenant Governor is given the exclusive power to make rules regarding how this money is kept safe, paid in, and withdrawn.
- Any money the territory receives as repayment of previous loans is also deposited directly into this fund.
Practical examples
FAQ
1. What is the purpose of the Consolidated Fund under Section 67 of the Jammu and Kashmir Reorganisation Act 2019?
Section 67 of the Jammu and Kashmir Reorganisation Act 2019 establishes the Consolidated Fund to pool all government revenues, grants, and loans for the Union territory of Jammu and Kashmir into one main account.
2. Can the government spend money freely from the fund created by Section 67 of the Jammu and Kashmir Reorganisation Act 2019?
No, Section 67 of the Act clearly states that no money can be appropriated or withdrawn except in accordance with the specific purposes and manners provided within the Act.
3. Who creates the rules for managing the Consolidated Fund under Section 67 of the Jammu and Kashmir Reorganisation Act 2019?
Section 67 of the Jammu and Kashmir Reorganisation Act 2019 gives the Lieutenant Governor the authority to make rules regarding the custody, payment into, and withdrawal of moneys from the Consolidated Fund.
4. Does Section 67 of the Jammu and Kashmir Reorganisation Act 2019 apply to Ladakh?
No, Section 67 of the Jammu and Kashmir Reorganisation Act 2019 only establishes a Consolidated Fund for the Union territory of Jammu and Kashmir.
Test yourself
Q1.Under Section 67 of the Jammu and Kashmir Reorganisation Act 2019, which of the following is NOT listed as a source of money for the Consolidated Fund?
Q2.Who has the authority to make rules regarding the custody and withdrawal of money from the Consolidated Fund under Section 67 of the Jammu and Kashmir Reorganisation Act 2019?
Q3.According to Section 67 of the Jammu and Kashmir Reorganisation Act 2019, what happens to money received by the Union territory in repayment of loans?
Q4.Unlike the rules for Scheduled Castes and Tribes in earlier sections, which territory is exclusively named in Section 67 of the Jammu and Kashmir Reorganisation Act 2019?