Consolidated Fund Act 2007
Act of ParliamentThis bill passed all stages in both Houses and received Royal Assent.
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Long title
Authorise the use of resources for the service of the years ending with 31st March 2008 and 31st March 2009 and to apply certain sums out of the Consolidated Fund to the service of the years ending with 31st March 2008 and 31st March 2009.
Summary
The Bill provides Parliamentary authority for funds requested by the Government. It is part of what is called the ‘supply procedure’. This is how Parliament grants the Government’s requests for resources. <br><br>A Consolidated Fund Bill is passed every year. The Bill is one of three pieces of legislation in each financial year which provide authorisation from Parliament for the resources sought by the Government. In addition to the Bill, there are two Consolidation Fund (Appropriation) Bills. Proceedings on the Bill are formal – there is no debate. <br><br>Key areas:<br><br><ul><li>The Bill authorises provision sought in the Winter Supplementary Estimates and New Estimates for 2007-08 and in the Vote on Account for 2008-09</li><li>The Bill authorises the release of money from the Consolidated Fund which is the Government’s bank account.</li></ul>
Progress through Parliament
- 1st reading· Commons
5 December 2007 – 5 December 2007
- 2nd reading· Commons
6 December 2007 – 6 December 2007
- 3rd reading· Commons
6 December 2007 – 6 December 2007
- 1st reading· Lords
6 December 2007 – 6 December 2007
- 2nd reading· Lords
12 December 2007 – 12 December 2007
- Committee negatived· Lords
12 December 2007 – 12 December 2007
- 3rd reading· Lords
12 December 2007 – 12 December 2007
- Royal Assent· Unassigned
13 December 2007 – 13 December 2007
Source: UK Parliament Bills API. Bill ID: 221.