Warning
Info
Warning
Info
Simple English definitions for legal terms
deficiency bill
Read a random definition: impalement
A quick definition of deficiency bill:
Term: DEFICIENCY BILL
Definition: A deficiency bill is a type of bill that is used to provide additional funds to cover expenses that were not originally budgeted for. It is used when there is a shortfall in the amount of money that was allocated for a particular purpose. This bill is used to make up the difference and ensure that the necessary expenses are covered. It is also known as a deficiency decree.
A more thorough explanation:
A deficiency bill is a type of bill that is used to provide additional funds to a government agency or program that has already been allocated a budget but has found that it is not enough to cover its expenses. This bill is introduced in the legislature to request additional funds to cover the shortfall.
For example, if the Department of Education has been allocated a budget of $10 million for the year but finds that it needs an additional $2 million to cover unexpected expenses, it can request a deficiency bill to be introduced in the legislature to provide the additional funds.
Another example is if a disaster occurs, such as a hurricane or earthquake, and the government needs to provide emergency relief funds to affected areas. A deficiency bill can be introduced to provide the necessary funds to cover the expenses of the relief efforts.
These examples illustrate how a deficiency bill is used to provide additional funds to government agencies or programs that have already been allocated a budget but need more money to cover their expenses.