Republic of Singapore.doc

Republic of Singapore Financial Procedure Act (Revised Edition 1992) Short title. 1. This Act may be cited as the Financial Procedure Act. Interpretation. 2. In this Act, unless the context otherwise requires — accounting officer includes every public officer who is charged with the duty of collecting, receiving, or accounting for, or who in fact collects, receives or accounts for, any public moneys, or who is charged with the duty of disbursing, or who does in fact disburse, any public moneys, and every public officer who is charged with the receipt, custody or disposal of, or the accounting for, public stores or who in fact receives, holds or disposes of public stores; Consolidated Fund means the Consolidated Fund constituted by Article 145 of the Constitution; financial year means a period of 12 months ending on 31st March in any year; public moneys means all revenue, loan, trust and other moneys and all bonds, debentures, and other securities whatsoever raised or received by or on account of Singapore; public stores means chattels which are the property of or in the possession of or under the control of Singapore; statutory expenditure has the same meaning as in Article 148 (4) of the Constitution; Treasury means the Minister charged with the responsibility for finance and includes any officer under the administrative control or direction of the Minister. Appointment of Accountant-General. 2A. —(1) The President may appoint an Accountant-General in accordance with the advice of the Public Service Commission unless the President, acting in his discretion, does not concur with that advice. (2) The remuneration and other terms of service of the Accountant-General shall not be altered to his disadvantage during his continuance in office. Duties of Accountant-General. 2B. —(1) The Accountant-General shall be responsible for the supervision and administration of the Government accounting system, including financial and accounting records and procedures f