The Nagaland Fiscal Responsibility and Budget Management (4Th Amendment) Act, 2021
Preamble
31, January, 2022 The Nagaland Gazette, Part-V PART-V NOTIFICATION Dated Kohima, the 24th January, 2022. No.LAW/ACT/3-80/2021 :: The Nagaland Fiscal Responsibility and Budget Management (Fourth Amendment) Act, 2021 (Act No.4 of 2021) duly assented by the Hon'ble Governor of Nagaland on 20.12.2021 is published herewith for general information. Sd/- B. LUTHER Under Secretary to the Government of Nagaland Fisca. CO'the An Act to further amend the Nagaland Fiscal Responsibility and Budget Management Act, 2005 (Act No.7 of 2005) Be it enacted by the Nagaland Legislative Assembly in the Seventy Second year of the Republic of India as follows :-
The Act
The numbering on the scan does not hold together, so the text is shown whole rather than split into sections. Splitting it wrongly would file one section's words under another's number.
31, January, 2022 The Nagaland Gazette, Part-V PART-V NOTIFICATION Dated Kohima, the 24th January, 2022. No.LAW/ACT/3-80/2021 :: The Nagaland Fiscal Responsibility and Budget Management (Fourth Amendment) Act, 2021 (Act No.4 of 2021) duly assented by the Hon'ble Governor of Nagaland on 20.12.2021 is published herewith for general information. Sd/- B. LUTHER Under Secretary to the Government of Nagaland Fisca. CO'the An Act to further amend the Nagaland Fiscal Responsibility and Budget Management Act, 2005 (Act No.7 of 2005) Be it enacted by the Nagaland Legislative Assembly in the Seventy Second year of the Republic of India as follows :- 1. Short Title and Commencement - i. This Act may be called the Nagaland Fiscal Responsibility and Budget Management (Fourth Amendment) Act. 2021 (Act No.
4 of 2021) ii. It shall come into force with immediate effect. 2. Amendment of Section 9 :- For clause (iv) sub-section (2) Section 9 of the Nagaland Fiscal Responsibility and Budget Management Act, 2005 the sub-clause shall be substituted by the following :- "Limit the amount of annual incremental risk weighted guarantees to 1% of the estimated GSDP of the year preceding the current year. Further the total guarantees at any point of time shall not exceed 5% of the estimated GSDP of the year preceding the current year".
Provenance. Read from the Government's own scanned gazette with Azure Document Intelligence, and shown whole: the section numbering on the scan does not hold together (fewer than 3 sections), and a wrong split would file one section's words under another section's number. India Code publishes no text for this Act. The scan itself is mirrored into our own storage and served at /scan/de4ef6eb-e4ef-4fa7-8631-a6ac975fb1d1.pdf, so the reading here can be checked against the page it came from without depending on India Code's own copy staying where it is (it was at https://indiacode.gov.in/server/api/core/bitstreams/cae4453b-46cf-4cd9-be40-38494addb7f4/content).
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