Money payable into Consolidated Fund

(1) In accordance with section 176 of the Constitution, public money is to be paid into the Consolidated Fund, unless –

(a) it is payable, by or under a written law, into another fund established for a specific purpose; or

(b) it may, by or under a written law, be retained by the authority receiving it for the purposes of defraying the expenses of the authority.

(2) Trust money is not payable into the Consolidated Fund.

(3) Other money within the meaning of this Act may, subject to the Finance Instructions, be paid into the Consolidated Fund.

(Financial Management Act 2004 s(10))