Seanad debates
Thursday, 12 December 2002
Appropriation Bill, 2002 [Certified Money Bill]: Second and Subsequent Stages.
I refer to section 2. Article 17.1.2o of the Constitution requires that the Financial Resolutions of each year must be enacted into law by the end of that year, that is, by 31 December 2002 in the case of the Financial Resolutions passed on budget night, 4 December 2002. However, the Article also allows for the end-year deadline to be deferred if an Act to that effect is passed before the end of that year, in this case, before 31 December 2002. The section makes provision for this deferment to be invoked. This provision will maintain the normal statutory deadlines for passing budget measures into law, that is, 84 days for completion of Second Stage and four months for enactment of the Finance Bill. Identical provisions have been included since the 1997 Appropriation Act.
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