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The Public Schools Finance Board Act

C.C.S.M. c. P260

The Public Schools Finance Board Act

DEFINITIONS
1 Definitions
PUBLIC SCHOOLS FINANCE BOARD
2(1) Board is continued
(2) Members
(3) Chairperson
(4) to (6) Repealed
(7) Quorum
(8) Board agent of Crown
3(1) Duties and powers
(2) Five-year review
(3) Minister may refer matters to the board
4 Repealed
5 Rules of procedure
5.1 Policies
5.2 Powers of commissioners under Part V of Evidence Act
6(1) Employees
(2) Professional and expert assistants
(3) Temporary transfer of employees
7
CAPITAL SUPPORT PROGRAM
8(1) Mandate of the board re capital support
(2) Criteria that board must consider
8.1(1) Board's annual funding plan for capital support to school divisions
(2) Plan submitted to the minister
(3) Limit on financial commitments
(4) Multi-year planning framework
REQUIREMENTS FOR SCHOOL DIVISIONS
8.2(1) School division must submit 5-year capital plan
(2) School division must keep property inventory
(3) School division must submit property inventory
8.3(1) Request for new school or major renovation
(2) Project description
(3) Review of request
(4) No tendering until board approves project
(5) Plans and specifications
FUND
9(1) Continuation of fund
(2) Payments to and from fund
(3) Fund not part of Consolidated Fund
(4) Investment
(5) Reserves
(6) Disposal of moneys held by Minister of Finance
(7) Surplus and deficits
(8) Receipt of money from other sources
(9) Deposit with Minister of Finance
ACCOUNTING AND AUDITING REQUIREMENTS
10 Accounting
11 Fiscal year
12(1) Audit by Auditor General
(2) Special audit
ANNUAL REPORT
13(1) Annual report
(2) Tabling report
(3) Special reports
BORROWING
14(1) Power to borrow
(2) Power of government to guarantee
(3) Signature of guarantee
(4) Discharge of liability under guarantee
(5) Purchase of notes by province
15(1) Advances by province
(2) Payments from Consolidated Fund
MISCELLANEOUS PROVISIONS
16 Assumption of certain agreements by government
17(1) Compliance with assignments accepted by government
(2) Limitation on assignments of support
18(1) Purchase of equipment
(2) Disposal of equipment
18.1(1) Reports, etc., from school divisions
(2) Withholding of grants
19 Appearance before finance board and appeal