51. Consolidated Fund.—(1) Subject to the provisions of section 52, all revenue received by the
Government of Meghalaya, all loans raised by that Government by the issue of treasury bills, loans or
ways and means advances and all moneys received by that Government in repayment of loans shall form
one consolidated fund to be entitled ―the Consolidated Fund of Meghalaya‖.
(2) All other public moneys received by or on behalf of the Government of Meghalaya shall be
credited to the public account of Meghalaya.
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(3) No moneys out of the Consolidated Fund of Meghalaya shall be appropriated except in
accordance with law and for the purposes and in the manner provided in this Act.
52. Contingency Fund.—The Legislature of Meghalaya may, by law, establish a Contingency Fund
in the nature of an imprest to be entitled ―the Contingency Fund of Meghalaya‖ into which shall be paid
from time to time such sums as may be determined by such law, and the said Fund shall be placed at the
disposal of the Governor to enable advances to be made by him out of such Fund for the purposes of
meeting unforeseen expenditure pending authorisation of such expenditure by the Legislature of
Meghalaya by law under section 45 or section 46.
53. Custody of suitors’ deposits and other moneys received by public servants and courts.—All
moneys received by or deposited with—
(a) any officer employed in connection with the affairs of Meghalaya in his capacity as such,
other than revenues or public moneys raised or received by the Government of Meghalaya; or
(b) any court within Meghalaya to the credit of any cause, matter, account or persons shall be
paid into the public account of Meghalaya.
54. Custody, etc., of Consolidated Fund, Contingency Fund and moneys credited to the public
account.—The custody of the Consolidated Fund and the Contingency Fund of Meghalaya, 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 Meghalaya, their payment
into the public account of Meghalaya 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 Meghalaya, and, until provision in that behalf is so made, shall be regulated by rules made by the
Governor.
55. Certain taxes levied by Assam to be appropriated by Meghalaya.—(1) Notwithstanding
anything contained in this Act, any tax on the consumption or sale of electricity relatable to entry 53 in
the State List in the Seventh Schedule to the Constitution, and any tax on the sale or purchase of goods
relatable to entry 54 in the said List levied by the Government of Assam shall be collected within
Meghalaya but not including any area comprised within the municipality of Shillong by the Government
of Meghalaya, and the proceeds in any financial year of any such tax leviable within Meghalaya shall not
form part of the Consolidated Fund of Assam, but shall form part of the Consolidated Fund of Meghalaya.
(2) Where a tax relatable to entry 54 in the State List aforesaid levied by the Government of Assam is
collected by that Government at the first point of sale or purchase of goods, such portion of the tax so
collected as may be agreed upon by the Governments of Assam and Meghalaya or in default of such
agreement, as such the Central Government may determine, shall be payable to Meghalaya.
(3) The laws with respect to the taxes referred to in sub-section (1) shall have effect subject to such
exceptions and modifications as the Central Government, may, by order, specify for the purpose of giving
effect to the provisions of that sub-section.
56. Distribution of revenues.—(1) The grants-in-aid under clause (1) of article 275 and the share of
the taxes on income, the distributable Union duties of excise, the additional duties of excise on goods of
special importance and estate duty payable to the State of Assam under the Constitution (Distribution of
Revenues) Order, 1969, the Union Duties of Excise (Distribution) Act, 1962 (3 of 1962), the Additional
Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) and the Estate Duty (Distribution)
Act, 1962 (9 of 1962), shall be construed as from the appointed day, as payable to the State of Assam and
the autonomous State of Meghalaya in such proportion as the President may, by order, determine.
(2) Every order made by the President under sub-section (1) shall be laid before Parliament as soon as
may be after it is made.
57. Authorisation of expenditure pending its sanction by Legislative Assembly.—The Governor
may, at any time before the appointed day, authorise such expenditure from the Consolidated Fund of
Meghalaya as he deems necessary for a period of not more than six months beginning with the appointed
day pending the sanction of that expenditure by the Legislative Assembly:
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Provided that the Governor may, after the appointed day, authorise such further expenditure as he
deems necessary from the Consolidated Fund of Meghalaya for any period not extending beyond the said
period of six months.