Appropriation (No. 3) Act 2008

The Bill provides Parliamentary authority for funds requested by the Government. It is part of the &lsquo;Supply Procedure&rsquo;, which is how Parliament grants the Government&rsquo;s requests for resources. <br><br>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.<br><br>Key areas:<br><ul><li>The Bill authorises resources required in 2008-09 for the Government&rsquo;s actions to help the banking industry </li><li>The Bill authorises the release of money from the Consolidated Fund which is the Government&rsquo;s bank account. </li></ul>