Section 11Part 2 — Cayman Islands Parliament - Appropriation
Authorisation in advance of appropriation
←→ Navigate · Click subsection badges to collapse · Press ? for help
11. (1) Subject to section 13, the executive financial transactions in respect of a financial year may be authorised by a resolution of the Cayman Islands Parliament in advance of a law making appropriations for those transactions if —
the resolution is arranged according to each of the appropriation types specified in section 9(3); and
the resolution provides that it shall lapse after a period of four months from the date of the resolution.
A resolution referred to in subsection (1) may contain conditions and limitations subject to which the authorisation is made.
All financial transactions authorised under a resolution referred to in subsection (1) shall be subsumed by the amounts respectively provided in the law making the appropriations in respect of the transactions when the law comes into operation.
Where the Cayman Islands Parliament is dissolved before provision has been made for carrying on the business of core government, the Minister of Finance may authorise such of the executive financial transactions as that person may consider necessary for that purpose until the expiry of three months from the Public Management and Finance Act (2026 Revision) Section 2 c Revised as at 31st December, 2025 Page 17 date on which the Cayman Islands Parliament next meets following that dissolution.
Where an exceptional circumstance has occurred during a financial year, the Cabinet may authorise executive financial transactions for which no appropriation exists if —
the executive financial transactions directly relate to, and attempt to remedy the effects of, the exceptional circumstance; and
the total amount authorised is no more than five per cent of budgeted executive revenue for the financial year.
Where the Cabinet has authorised executive financial transactions in accordance with subsection (5) —
a member of the Cabinet appointed by the Cabinet to do so on its behalf shall, at the next sitting of the Cayman Islands Parliament after the exceptional circumstance has occurred, make a statement to the Cayman Islands Parliament advising of —
the exceptional circumstance, its nature, and how it complies with the definition of the term “exceptional circumstance” set out in section 2; authorised or likely to be authorised; and compliance with the principles of responsible financial management specified in section 14; and
the type and amount of the executive financial transactions
the effect of the authorisations, or likely authorisations on
the authorised executive financial transactions are to be included in a supplementary Appropriation Bill introduced in the Cayman Islands Parliament by the 31st day of March following the financial year to which those transactions relate.