www.lawcommission.gov.np Part-16 Province Financial Procedures 203. No Tax to be levied or Loan to be raised: (1) No tax shall be levied and collected in a Province except in accordance with law. (2) No loan shall be raised and guarantee be given by the Provincial Government except as provided for in the federal law. 204. Provincial Consolidated Fund: Except for the revenues of trusts (Guthi), all revenues received by the Provincial Government, all loans raised on the security of revenues, all moneys received in repayment of any loans made under the authority of any provincial Act and any amounts of grants or loans received from the Government of Nepal shall, except as otherwise provided for in the provincial Act, be credited to a Provincial Government Fund to be known as the Provincial Consolidated Fund. 205. Expenditures from Provincial Consolidated Fund or Provincial Government Fund: No expenditure shall be incurred out of the Provincial Consolidated Fund or any other Provincial Government Fund except the following:(a) Moneys charged on the Provincial Consolidated Fund; (b) Moneys required to meet the expenditure under an Appropriation Act; (c) Advance moneys authorized by an Act required to meet expenditures, when an Appropriation Bill is under consideration; or (d) Expenditures to be incurred in extraordinary circumstances under a Vote of Credit Act which contains only a description of expenditures. Provided that matters relating to the Provincial Contingency Fund shall be pursuant to Article 212. 206. Expenditures Chargeable on Province Consolidated Fund: The expenditures relating to the following matters shall be charged on the Provincial Consolidated Fund, and approval of the Provincial Assembly shall not be required for such expenditures:(a) The amount required as remuneration and facilities payable to the Speaker of Province and the Deputy Speaker of Province; 105