The Manipur Fiscal Responsibility And Budget Management (Second Amendment) Act, 2021

        ii GAZETTE MANIPUR 

  

     

EXTRAORDINARY 
PUBLISHED BY AUTHORITY 

No. 403 Imphal, Frirday, February 26, 2021 (Phalguna 7, 1942) 

GOVERNMENT OF MANIPUR 

SECRETARIAT : LAW & LEGISLATIVE AFFAIRS DEPARTMENT 

NOTIFICATION 

Imphal, February 23, 2021 

No. 2/10/2021-Leg/L: The following Act of the Legislature, Manipur which received assent of 

the Governor of Manipur on February 20, 2021 is hereby published in the Official Gazette: 

THE MANIPUR FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT 

(SECOND AMENDMENT) ACT, 2021 
(MANIPUR ACT NO. 4 OF 2021) 

AN 

ACT 

further to amend the Manipur Fiscal Responsibility and Budget 

Management Act, 2005 (Act No. 11 of 2005) to provide 

amendment in fiscal targets for the years 2019-20 and 2020-21. 

BE it enacted by the Legislature of Manipur in the Seventy-second 

Year of the Republic of India as follows :- 

1. (1) This Act may be called the Manipur Fiscal Responsibility and ri tide, extent 

Budget Management (Second Amendment) Act, 2021. commencement. 

(2) It shall extend to the whole of the State of Manipur. 

(3) In section 2, (i) for the first proviso, it shall be deemed to 

have come into force with effect from 26" February,2020 ; and 

(li) for the second proviso, it shall be deemed to have come into 

force with effect from 6° October, 2020. 

  

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ub section(2) of section BOF the Manipur Piseal 
2 Inclause (I) of 

/ A005, the following 

Responsibility and Hudqet Management Act 

provisos shall be added, namely 

financlal year 2019-20, the fiscal defielt 

ate will be anchored 

Amendment of 

Section A " provided that for the 

target and annual borrowing lirit for The St 

to Rs.363 crore (Rupees three hundred and sizty three) crore In 

addition Co the annual fimit as stated above 

provided further that the Slate shall be eligible for additional 

borrowing of upto 2% of Gross State Domestic Product during the 

financial year 2020-21 only.”. 

3. (1) The following Ordinances are hereby repealed | 

(1) The Manipur | iscal Responsibility and Budget 

Hepoaland Management (Second Amendment) Ordinance, Z020(Manipur 

savings Ordinance No.4 of 2020). 

(ii) The Manipur Fiscal Responsibility and Budget 

Management (Third Amendment) Ordinance, 2020 (Manipur 

Ordinance No.5 of 2020), 

(2) Notwithstanding such repeal, anything done or any action 

taken under the said Ordinances shall be deemed to have beer 

done or taken under the corresponding provisions of this Act. 

NUNGSITTOMBIATHOKPAM, 

Secretary (Law), 

Government of Manipur, 

  

ry w 1 — ‘ 2 : ‘ '‘ ’ 

Printed at the Directorate of Printing & Stationery, Government of Manipur/255-C/26-02-2021 

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