AI-assisted research summary: This Act authorises the Department of Finance to issue and use specified public money, borrow up to a stated limit, and requires borrowed money plus interest to be repaid by 31 March 2021.
Budget (No. 2) Act (Northern Ireland) 2020 An Act to authorise the issue out of the Consolidated Fund of a certain sum for the service of the year ending 31 March 2021; to appropriate that sum for specified purposes; to authorise the Department of Finance to borrow on the credit of that sum; and to authorise the use for the public service of certain resources for that year. BE IT ENACTED by being passed by the Northern Ireland Assembly and assented to by Her Majesty as follows: The Department of Finance may issue out of the Consolidated Fund and apply to the service of the year ending 31 March 2021 the sum of £8,225,189,000. That sum is appropriated for the purposes specified in Schedule 1. The Department of Finance may borrow on the credit of the sum specified in section 1 any sum or sums not exceeding in total £4,112,595,000. Any money so borrowed must be repaid, with any interest due on it, out of the Consolidated Fund not later than 31 March 2021. For the purposes of section 6(1) of the 2001 Act, this section authorises the use of resources in the year ending 31 March 2021 by the persons mentioned in subsection (3) to the amount of £9,050,940,000. In that year, resources may be used by a person mentioned in that subsection for the purposes specified in relation to that person in column 1 of Schedule 2 up to the amounts specified in the corresponding entries in column 2 of that Schedule. The persons are— the Northern Ireland departments; the Food Standards Agency; the Northern Ireland Assembly Commission; the Northern Ireland Audit Office; the Northern Ireland Public Services Ombudsman; the Public Prosecution Service for Northern Ireland. In this section— “the 2001 Act” means the Government Resources and Accounts Act (Northern Ireland) 2001; “resources” does not include accruing resources within the meaning of section 8(1) of the 2001 Act. This Act may be cited as the Budget (No. 2) Act (Northern Ireland) 2020.