CHAPTER IX FINANCE PART 1: Taxation 149. PUBLIC FINANCE (1) No taxation shall be imposed except by or under the authority of an Act of the National assembly (2) An Act of the National Assembly may make provision (a) for the collection of taxes proposed to be imposed or altered in a Bill which has been presented to the National Assembly during a period of four months from the date of presentation or such longer period as may be specified in a resolution passed by the National Assembly after the Bill has been presented; or (b) for any local government authority established by law to impose taxation within the area for which such authority is established, and to alter such taxation, but no provision shall include the power to waive any tax due. Consolidated 150 Fund (3) Where any law confers power on any person or authority to waive or vary a tax imposed by any law, the exercise of that power in favour of any person or authority shall be subject to the approval of the National Assembly. (1) There shall be a Consolidated Fund into which shall be paid (a) (2) withdrawal from 151 (1) Consolidated and other funds all revenues or other money raised or received for the purpose of, or on behalf of, the Government, and (b) any other money raised or received in trust for, or on behalf of the Government Notwithstanding subsection (1), and Act of the National Assembly may provide(a) for the payment of particular revenue or other money into some other fund established for a specific purpose; or (b) for the retention of revenue or other money by the department of Government that received it for the purpose of defraying the expenses of that department . No money shall be withdrawn from the Consolidated Fund Funds except - (a) to meet expenditure charged on that Fund by this Constitution or an Act of the National Assembly; or