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 |
