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S.M. 1995, c. 7

The Balanced Budget, Debt Repayment and Taxpayer Protection and Consequential Amendments Act

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1 Definitions
BALANCED BUDGET REQUIREMENT
2 Fiscal year 1995-96 and thereafter
3(1) Calculation of deficit or surplus
(2) Other amounts not included in determination
(3) Declaration of L. G. in C.
(4) Content of declaration
(5) Accounting policies
(6) Concerns of Provincial Auditor
4(1) Deficit to be offset in following year
(2) Application to government change
5 Audited financial statements
6 Reporting requirements
7(1) Failure to meet requirements: third-quarter projection
(2) Refund
(3) Failure to meet requirements: year-end
(4) Reduction process
(5) Ceasing to be a member of the Executive Council
(6) New members of the Executive Council
DEBT RETIREMENT FUND
8(1) Debt Retirement Fund
(2) Fund established
(3) Management of fund
(4) Deposits in fund mandatory after 1996-97
(5) Earnings of fund
(6) Transfers out of the fund
(7) No lapse
(8) Fiscal year
(9) Audit
(10) Financial statements
(11) Tabling of statements in Assembly
(12) Winding up of fund
DISPOSITION OF SURPLUS
9 Disposition of surplus
10(1) Referendum required for tax changes
(2) Revenue neutral and external changes
11(1) Procedures for referendum
(2) Question to be put to voters
(3) Regulations re procedures
(4) Costs of referendum
AMENDMENT OR REPEAL
12(1) Amendment or repeal
(2) Requirements re hearings
CONSEQUENTIAL AMENDMENTS
13(1) Consequential amendments, C.C.S.M. c. F85
(2)
3.1(1) Target level
(2) Achieving target level
(3)
14 C.C.S.M. reference
15 Coming into force