Treasury Deposits – Accountant General's Department
Source: https://www.treasury.gov.jm/treasury-deposits
Archived: 2026-04-23 17:09
Treasury Deposits – Accountant General's Department
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Treasury Deposits
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Services
»
Treasury Deposits
Overview
The Accountant General is the custodian of the Treasury Deposits.
The Treasury Deposits Unit (TDU) has the responsibility for receiving, monitoring and reporting on special funds established by law or any other deposits set aside for specific purposes with regards to Ministries, Departments, Agencies (MDA), and organizations associated with the Government. The TDU is required by order of the Minister of Finance, to place these deposits in designated bank accounts and invest as may be necessary from time to time.
Under the FAA Act section 14 (1), the Minister of Finance authorizes the use of the balances held on deposits.
Treasury Deposits are comprised of the following:
Deposits from Ministries and DepartmentsLevies Law Deposits/ Suitors MoneyTrust and Appropriated Funds
These Deposits are further categorized as: Special Funds; Deposits for Investments;
Deposits at Interest and Miscellaneous Deposits.
Special Funds
Deposits for Investment
Deposits at Interest
Miscellaneous Deposits (which has about 5 sub-categories)
Trust and Appropriated Funds
Trust and Appropriated Funds
Trust Funds are held for various benefactor (organizations and individuals in the past) under a trust deed and are managed and invested for the purposes of the named beneficiaries. The Appropriated Funds are approved by Parliament for specific purposes for example, the Chancery Fund and the Mortgage Deposit Fund
The Chancery Fund
These are deposits following an “Formal Order” or Order for payment Into Court” issued by the Supreme Court and High Courts in respect of Suitor money under the Suitor’s Money Act. These amounts are paid out to the clients attorneys only on the authority of an original “Formal Order “ or “Order for Payment Out of Court” which bears the signature of the presiding Judge or Registrar of the Supreme Court.
A commission of 1% of the amount received is paid in to the Miscellaneous Revenue Account.
Mortgage Deposits Fund (Registration of Titles Act-Section 123)
Mortgages which are outstanding on properties for which the mortgagors (borrowers) cannot locate the mortgagees (lenders) are deposited with the Accountant General by the attorney of the borrower. The Registrar of Titles determines if the amount deposited is sufficient to cover the mortgage.
Money is refunded to the lender only on the written authority of the Registrar of Titles.
THE DISCHARGE OF A MORTGAGE IS ISSUED BY THE NATIONAL LAND AGENCY AND NOT THE ACCOUNTANT GENERAL’S DEPARTMENT.
Levies Law/Suitors Money
This falls in the category of Miscellaneous Deposits.
Under the Levies Law/Suitors Money Act, monies are received from the Resident Magistrates Bailiffs and Inland Revenue Department in respect of amounts paid into the Court for cases being tried before the R.M Court. These are on-demand funds, and are therefore placed in an interest bearing bank account.
A commission of 1% of the amount received is deducted by the AGD for maintaining the records relating to each deposit. The commission is paid in to the Miscellaneous Revenue Account.
Requirements for Payments from the Levies Law/ Suitors Money Account
The fund is repaid by an original “Order for Payments out of Court/Treasury” signed by the Registrar or Judge of the Supreme Court. The order must bear the date, the stamp and seal of the Supreme Court.
Withholding tax will be deducted from all interest earned on the sums invested and paid over to Tax Administration Jamaica.
Deposits from Ministries, Departments and Agencies
These Deposits relate to the following:
Deposits sent in by various Ministries and Departments to make payments to overseas suppliers of goods and services. These deposits also relate to amounts for pensioners living overseas. These include deposits made by the Ministry of Tourism to fund overseas transactions.
Deposits are also made by some Ministries and Departments in order to secure foreign exchange for some suppliers of goods and services.
Nomination fees paid by Candidates during General and Parochial Elections are also deposited with the Treasury Deposits. Refunds will be made to eligible candidates only on presentation of the original “Certificate of Refund” issued to the Candidate by the Electoral Office of Jamaica.
Other Deposits
Administrator General’s Department for the beneficiaries of estates. These are paid out to the beneficiaries on receipt of authorization from the Administrator General’s Department.
Department of Co-operative & Friendly Societies.
Ministry of Water and Housing under the Housing Fund Act.
Contingencies Fund
This is a fund established under the Constitution (section 118). Refer also to the Financial Administration and Audit Act Section 13 (1). The provision for this Fund must not exceed $100 M and is used for unforeseen disasters.
The following obtains regarding payment out of the Contingencies Fund:
The Ministries of Finance may approve advances to other Ministries and Departments.
On receipt of written approval from the Ministry of Finance and Planning, the Accountant General will disburse funds to the relevant Ministries/Departments.
Payments from the Contingencies Fund
Advances to Ministries and Departments are made occasionally only on the written authority of the Ministry of Finance.
Repayments of Advances are to be re-deposited to the Contingencies Fund Account.
The Account must be maintained at the maximum fund deposited initially (i.e $94M)
Any interest earned on the account is transferred to the interest account managed by the Revenue Unit of the AGD.
Any change incurred against the account is to be billed to the Accountant General’s Head of Expenditure.
Advances to Ministries and Departments
Under the F.A.A. ACT an advance can be issued to Ministries and Departments to meet expenditure, this requires approval of the Ministry of Finance and ought to be cleared as soon as possible.
Other Receipts
Administrator General’s Department for the beneficiaries of estates.. These are paid out to the beneficiaries on receipt of authorization from the Administrator General’s Department.
Co-operative & Friendly Societies..
Ministry of Water and Housing under the Housing Fund Act.
Sale of Government of Jamaica official receipt books
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Skip to content
Treasury Deposits
»
Services
»
Treasury Deposits
Overview
The Accountant General is the custodian of the Treasury Deposits.
The Treasury Deposits Unit (TDU) has the responsibility for receiving, monitoring and reporting on special funds established by law or any other deposits set aside for specific purposes with regards to Ministries, Departments, Agencies (MDA), and organizations associated with the Government. The TDU is required by order of the Minister of Finance, to place these deposits in designated bank accounts and invest as may be necessary from time to time.
Under the FAA Act section 14 (1), the Minister of Finance authorizes the use of the balances held on deposits.
Treasury Deposits are comprised of the following:
Deposits from Ministries and DepartmentsLevies Law Deposits/ Suitors MoneyTrust and Appropriated Funds
These Deposits are further categorized as: Special Funds; Deposits for Investments;
Deposits at Interest and Miscellaneous Deposits.
Special Funds
Deposits for Investment
Deposits at Interest
Miscellaneous Deposits (which has about 5 sub-categories)
Trust and Appropriated Funds
Trust and Appropriated Funds
Trust Funds are held for various benefactor (organizations and individuals in the past) under a trust deed and are managed and invested for the purposes of the named beneficiaries. The Appropriated Funds are approved by Parliament for specific purposes for example, the Chancery Fund and the Mortgage Deposit Fund
The Chancery Fund
These are deposits following an “Formal Order” or Order for payment Into Court” issued by the Supreme Court and High Courts in respect of Suitor money under the Suitor’s Money Act. These amounts are paid out to the clients attorneys only on the authority of an original “Formal Order “ or “Order for Payment Out of Court” which bears the signature of the presiding Judge or Registrar of the Supreme Court.
A commission of 1% of the amount received is paid in to the Miscellaneous Revenue Account.
Mortgage Deposits Fund (Registration of Titles Act-Section 123)
Mortgages which are outstanding on properties for which the mortgagors (borrowers) cannot locate the mortgagees (lenders) are deposited with the Accountant General by the attorney of the borrower. The Registrar of Titles determines if the amount deposited is sufficient to cover the mortgage.
Money is refunded to the lender only on the written authority of the Registrar of Titles.
THE DISCHARGE OF A MORTGAGE IS ISSUED BY THE NATIONAL LAND AGENCY AND NOT THE ACCOUNTANT GENERAL’S DEPARTMENT.
Levies Law/Suitors Money
This falls in the category of Miscellaneous Deposits.
Under the Levies Law/Suitors Money Act, monies are received from the Resident Magistrates Bailiffs and Inland Revenue Department in respect of amounts paid into the Court for cases being tried before the R.M Court. These are on-demand funds, and are therefore placed in an interest bearing bank account.
A commission of 1% of the amount received is deducted by the AGD for maintaining the records relating to each deposit. The commission is paid in to the Miscellaneous Revenue Account.
Requirements for Payments from the Levies Law/ Suitors Money Account
The fund is repaid by an original “Order for Payments out of Court/Treasury” signed by the Registrar or Judge of the Supreme Court. The order must bear the date, the stamp and seal of the Supreme Court.
Withholding tax will be deducted from all interest earned on the sums invested and paid over to Tax Administration Jamaica.
Deposits from Ministries, Departments and Agencies
These Deposits relate to the following:
Deposits sent in by various Ministries and Departments to make payments to overseas suppliers of goods and services. These deposits also relate to amounts for pensioners living overseas. These include deposits made by the Ministry of Tourism to fund overseas transactions.
Deposits are also made by some Ministries and Departments in order to secure foreign exchange for some suppliers of goods and services.
Nomination fees paid by Candidates during General and Parochial Elections are also deposited with the Treasury Deposits. Refunds will be made to eligible candidates only on presentation of the original “Certificate of Refund” issued to the Candidate by the Electoral Office of Jamaica.
Other Deposits
Administrator General’s Department for the beneficiaries of estates. These are paid out to the beneficiaries on receipt of authorization from the Administrator General’s Department.
Department of Co-operative & Friendly Societies.
Ministry of Water and Housing under the Housing Fund Act.
Contingencies Fund
This is a fund established under the Constitution (section 118). Refer also to the Financial Administration and Audit Act Section 13 (1). The provision for this Fund must not exceed $100 M and is used for unforeseen disasters.
The following obtains regarding payment out of the Contingencies Fund:
The Ministries of Finance may approve advances to other Ministries and Departments.
On receipt of written approval from the Ministry of Finance and Planning, the Accountant General will disburse funds to the relevant Ministries/Departments.
Payments from the Contingencies Fund
Advances to Ministries and Departments are made occasionally only on the written authority of the Ministry of Finance.
Repayments of Advances are to be re-deposited to the Contingencies Fund Account.
The Account must be maintained at the maximum fund deposited initially (i.e $94M)
Any interest earned on the account is transferred to the interest account managed by the Revenue Unit of the AGD.
Any change incurred against the account is to be billed to the Accountant General’s Head of Expenditure.
Advances to Ministries and Departments
Under the F.A.A. ACT an advance can be issued to Ministries and Departments to meet expenditure, this requires approval of the Ministry of Finance and ought to be cleared as soon as possible.
Other Receipts
Administrator General’s Department for the beneficiaries of estates.. These are paid out to the beneficiaries on receipt of authorization from the Administrator General’s Department.
Co-operative & Friendly Societies..
Ministry of Water and Housing under the Housing Fund Act.
Sale of Government of Jamaica official receipt books
» More: Investment of Treasury Deposits and the E-Learning
Featured Service:
Motor Vehicle Loan
This policy seeks to honor the negotiated agreement between the Government of Jamaica and trade Unions representing workers within in the Public Service. It makes provision for a Motor Vehicle Loan facility to assist Travelling Officers in purchasing motor vehicles...
read more
Latest from our:
Newsroom
05
Oct 2021
Public Notice
Life Certificates for October-December Quarter
18
May 2021
Article
The AGD To Host Virtual Sensitization Session for New Pensioners (Statutory Bodies)
26
Apr 2021
Article
An AGD Guide For New Pensioners From Statutory Bodies
08
Apr 2021
Article
Office Closure Notice
01
Apr 2021
Article
Easter Closure Notice
24
Mar 2021
Feature
Office Closure Notice
08
Mar 2021
Feature
Life Certificates for the April-June 2021 Quarter are now available
04
Mar 2021
Feature
The AGD returns to airwaves with new series Conversations with the AGD on Nationwide Radio
28
Feb 2021
Public Notice
Approved! Increases on pension with effect from April 1, 2020
19
Feb 2021
Public Notice
Don’t delay, submit your life certificates today!
26
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Pensioners Encouraged to Take Advantage of Mobile Life Certificate Drive
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