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Part 10: Federal Financial Procedures

Article 124: Federal contingency fund

124. Federal contingency fund: (1) A Federal Act may create a fund to be known as the contingency fund into which such moneys as may be determined by the Federal Act shall be paid from time to time.

(2) The Government of Nepal shall control the fund under clause (1), and may meet any unforeseen expenditure out of such fund.

(3) The amount of the expenditure under clause (2) shall be reimbursed as soon as possible as provided for in the Federal Act.

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