Consolidated Revenue Fund

(1) Pursuant to section 114(1) of the Belize Constitution, Cap. 4, all revenues or other moneys raised or received by Belize, not being revenues or other moneys payable under the Belize Constitution or under any other law into some specific public fund established for that purpose, shall be paid into and form one Consolidated Revenue Fund. 9 (2) No warrant shall be issued and no moneys shall be withdrawn from the Consolidated Revenue Fund except to meet expenditure that is charged upon the Consolidated Revenue Fund by the Belize Constitution, this Act or any other law, or where the issue of the warrant and withdrawal of those moneys has been authorized by an appropriation law made pursuant to section 116 of the Belize Constitution, or is authorized to meet a statutory expenditure not elsewhere provided in this section. (3) The moneys referred to in subsection (2) of this section, shall not be withdrawn except upon the authority of a warrant duly executed under the hand of the Minister or a person authorized by him or her in writing. (4) Moneys standing to the credit of the Consolidated Revenue Fund during any financial year shall, except for the day-to-day cash requirements of the Government, be kept, (a) if deposited in Belize, on account at a bank or financial institution operating under the Banks and Financial Institutions Act; or (b) if deposited outside Belize, on account at a bank or financial institution which operates under a legal framework similar to the Banks and Financial Institutions Act. (5) The moneys standing to the credit of the Consolidated Revenue Fund referred to in subsection (4) of this section, may be invested, on the authority of the Cabinet, with a bank or financial institution, either at call or subject to notice, or with any Fund administered by the Crown Agents, or in any of the investments authorized by law for the investment of trustee funds, and such investments, together with any interest received therefrom, shall form part of the Consolidated 10