Appropriation (No. 3) Act 2008

A Bill to authorise the use of resources for the service of the year ending with 31st March 2009 and to apply a sum out of the Consolidated Fund to the service of that year; and to appropriate the supply authorised by this Act for the service of that year.

The Bill provides Parliamentary authority for funds requested by the Government. It is part of the ‘Supply Procedure’, which is how Parliament grants the Government’s requests for resources. There are usually two Consolidated Fund (Appropriation) Bills per year. Normally, Parliamentary approval for Government spending would next be given in December, but a third Consolidated Fund (Appropriation) Bill is needed for Parliament to approve expenditure which may be needed before December.Key areas:

• The Bill authorises resources required in 2008-09 for the Government’s actions to help the banking industry
• The Bill authorises the release of money from the Consolidated Fund which is the Government’s bank account.