Section 30, The Government Budgeting and Accountability Act, 2005

(1) No contract providing for the payment of any moneyby the Government shall be considered valid except there is in support of such contract a certificate signed by the Minister to the effect that there is sufficient unencumbered balance available out of an appropriation or out of an item included in the estimates, to discharge any commitments under such contract that would under the provisions thereof, come in course of payment during the financial year in which the contract was entered into. (2) In the case of forward commitments, the certificate shall state that if and when Government grants an appropriation such commitments shall be entered as an encumbrance against such appropriation. (3) A copy of every contract under this section shall be submitted to the Auditor-General and to the Accountant-General as soon as it is made. (4) The Accountant-General shall establish and maintain a record of all commitments chargeable to each appropriation and such record shall indicate in relation to each commitment whether the commitment is to be paid in leones or other currency.