Definitions for "Consolidated Revenue Fund"
Keywords:  commonwealth, sor, crf, revenue, monies
All revenues or monies raised or received by the Executive Government of the Commonwealth form the Consolidated Revenue Fund. It is from the Consolidated Revenue Fund that monies are appropriated for the purposes of the Commonwealth.
Section 81 of the Constitution stipulates that all revenue raised or money received by the Commonwealth forms the one consolidated revenue fund (CRF). The CRF is not a bank account. The Official Public Account reflects most of the operations of the CRF.
The primary account the government uses to conduct its business.