Consolidated Fund Act 2010-12

Act of Parliament

House	Act	Date
	Consolidated Fund Act 2010 c.39	23.12.2010

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Latest news on the Bill

Second reading and all remaining stages - took place on 21 December.

This Bill is known as a "Money Bill". The House of Lords cannot amend Money Bills so committee stage, report stage and third reading are just formalities.

Royal Assent - the final stage of a Bill's passage through Parliament when the Bill becomes an Act (law) - took place on the same day.

Summary of the Bill

The Bill provides Parliamentary authority for funds requested by the Government.  It is part of what is called 'supply procedure'. This is how Parliament grants the Government’s requests for resources. 

A Consolidated Fund Bill is passed every year. The Bill is one of a number of pieces of legislation in each financial year which provide authorisation from Parliament for the resources sought by the Government. In addition to this Bill, there are usually two Consolidated Fund (Appropriation) Bills. Proceedings on the Bill are formal – there is no debate.

Key areas

• Authorises provision sought in the Winter Supplementary Estimates for 2010-11 and the Vote on Account for 2011-12
• Authorises the release of money from the Consolidated Fund, which is the Government’s bank account.

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Guide to the passage of a Bill

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When does a Bill become law?

Explanation of what happens after Bills have been passed, and when laws may change.

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