PART XII CHAPTER I.-FINANCE Miscellaneous Financial Provisions 283. Custody, etc., of Consolidated Funds, Contingency Funds and moneys credited to the public accounts.-
(1) The custody of the
Consolidated Fund of India and the Contingency Fund of India, the
payment of moneys into such Funds, the withdrawal of moneys therefrom,
the custody of public moneys other than those credited to such Funds
received by or on behalf of the Government of India, their payment
into the public account of India and the withdrawal of moneys from
such account and all other matters connected with or ancillary to
matters aforesaid shall be regulated by law made by Parliament, and,
until provision in that behalf is so made, shall be regulated by rules
made by the President. (2) The custody of the Consolidated Fund of a State and the
Contingency Fund of a State, the payment of moneys into such Funds,
the withdrawal of moneys therefrom, the custody of public moneys other
than those credited to such Funds received by or on behalf of the
Government of the State, their payment into the public account of the
State and the withdrawal of moneys from such account and all other
matters connected with or ancillary to matters aforesaid shall be
regulated by law made by the Legislature of the State, and, until
provision in that behalf is so made, shall be regulated by rules made
by the Governor _239*** of the State.
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