constituteproject.org PDF generated: 26 Sep 2013, 21:49 PART 2 CONSOLIDATED REVENUE FUND 302 Consolidated Revenue Fund There is a Consolidated Revenue Fund into which must be paid all fees, taxes and borrowings and all other revenues of the Government, whatever their source, unless an Act of Parliament-(a) requires or permits them to be paid into some other fund established for a specific purpose; or (b) permits the authority that received them to retain them, or part of them, in order to meet the authority's expenses. 303 Withdrawals from Consolidated Revenue Fund (1) No money may be withdrawn from the Consolidated Revenue Fund except to meet expenditure authorised by this Constitution or by an Act of Parliament. (2) Money withdrawn from the Consolidated Revenue Fund must be paid only to the person to whom the payment is due. (3) An Act of Parliament must prescribe the way in which-(a) withdrawals are to be made from the Consolidated Revenue Fund and any other public fund; and (b) money in the Consolidated Revenue Fund and any other fund is to be held and invested. 304 Charges upon Consolidated Revenue Fund (1) All debt charges for which the State is liable must be charged upon the Consolidated Revenue Fund. (2) The costs and expenses incurred in collecting and managing the Consolidated Revenue Fund form the first charge on the Fund. (3) For the purposes of subsection (1)-"debt charges" includes interest, sinking fund charges, the repayment or amortisation of debt and all expenditure related to the raising of loans on the security of the Consolidated Revenue Fund and the service and redemption of debt created by those loans. Zimbabwe 2013 Page 129