Examples of Treasury Rules in a sentence
The Financial Commissioner and Principal Secretary to Government of Haryana, Finance Department while endorsing the views of the Director stated (September 2006) that the process for amendment of Rule 7.2 of Punjab Treasury Rules had been initiated by them.The reply was not acceptable as the sanction of the Health/Finance Department to keep the receipts out of the Government account contravened the provisions of the Treasury Rules and also did not have the approval of the State Legislature.
LGED follows government accounting rules and regulations, including the Bangladesh General Financial Rules (GFR) and Bangladesh Treasury Rules which are acceptable to ADB.
As per Rule 290 of Central Treasury Rules (CTR), no money shall be drawn from the treasury unless it is required for immediate disbursement.
By keeping a huge amount of Rs 28.17 crore out of Consolidated Fund of the State, the Department violated the Treasury Rules and general Principles of Budgeting.Treasury Rules provide that all moneys received by or tendered to Government or public moneys raised or received by the State Government shall without undue delay be paid in full into the treasury or into the bank and shall be included in the Consolidated Fund of State.
Insertion of clause (m) under clause (1) of Rule 7.2 of the Punjab Treasury Rules and Subsidiary Rules also would not suffice as these exceptions pertain only to use of departmental receipts for departmental expenditure and do not allow any receipt to be kept out of the Consolidated Fund of the State.
Treasury Rules and Subsidiary Rules made thereunder: The Rules lay down rules of receipts and payments into government account (exchequer).
Thus, retention of Rs 28.17 crore outside the Consolidated Fund of the State was in violation of the basic financial principles laid down in the provisions of the Treasury Rules.
Rule 668 of Federal Treasury Rules states that advances granted under special orders of competent authority to Government officers for departmental or allied purposes may be drawn on the responsibility and receipt of the officers for whom they are sanctioned, subject to adjustment by submission of detailed accounts supported by vouchers or by refund, as may be necessary.
The State Government was also requested for issue of amendment as clause (m) under clause (1) of Rule 7.2 of the Punjab Treasury Rules and Subsidiary Rules issued thereunder which was under consideration with the Government.