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1st Session, 41st Legislature

This HTML version is provided for ease of use and is based on the bilingual version that was distributed in the Legislature after First Reading.

Bill 10

THE BALANCED BUDGET, FISCAL MANAGEMENT AND TAXPAYER ACCOUNTABILITY REPEAL AND CONSEQUENTIAL AMENDMENTS ACT


  Bilingual version (PDF) Explanatory Note

(Assented to                                         )

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Manitoba, enacts as follows:

S.M. 2008, c. 44 repealed

1           The Balanced Budget, Fiscal Management and Taxpayer Accountability Act is repealed.

Consequential amendments, C.C.S.M. c. F55

2(1)         The Financial Administration Act is amended by this section.

2(2)        Clause 60.1(2)(a) is repealed.

2(3)        Clauses 65(1)(b) to (d) are replaced with the following:

(b) a statement that summarizes the transfers in and out of the fiscal stabilization account under section 26.1 for the fiscal year and shows its balance at the end of the fiscal year; and

(c) information required under this Act or by the Minister of Finance to be reported in the public accounts.

2(4)        Section 67.4 is repealed.

Coming into force

3           This Act is deemed to have come into force on May 3, 2016.

Explanatory Note

This Bill repeals The Balanced Budget, Fiscal Management and Taxpayer Accountability Act. Consequential amendments are made to The Financial Administration Act.