S.M. 1995, c. 7
The Balanced Budget, Debt Repayment and Taxpayer Protection and Consequential Amendments Act
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 |