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C.C.S.M. c. F55
The Financial Administration Act
Table of Contents
| PART 1 | ||
| INTERPRETATION AND APPLICATION | ||
| 1 | Definitions | |
| 2 | Interpretation of power to designate or authorize | |
| 3 | Application | |
| PART 2 | ||
| ORGANIZATION | ||
| 4 | Treasury Board | |
| (1.1) | Majority must be ministers | |
| (2) | Designating a chairperson and vice-chairperson | |
| (3) | Secretary to Treasury Board | |
| (4) | Rules of Treasury Board | |
| 5 | Authority of Treasury Board | |
| 6 | Regulations and directives — general powers | |
| (2) | Regulations and directives — reporting organizations | |
| (3) | Regulations — prescribing reporting organizations | |
| (4) | Regulations and directives — specific powers | |
| (5) | Regulation may be general or specific | |
| (6) | Directive must be specific | |
| (7) | Reporting organization must comply with directive | |
| (8) | Directive to be made public | |
| (9) | Guidelines | |
| 7 | Treasury Board subject to Executive Council direction | |
| 8 | Responsibilities of Minister of Finance | |
| 9 | Regulations and directives of Minister of Finance | |
| 10 | Financial agreements | |
| (2) | Statement in agreement | |
| 11 | Authority of deputy minister | |
| 12 | Delegation of authority of Minister of Finance | |
| (2) | Exception | |
| (3) | Scope of authorization | |
| (4) | Effect of authorization | |
| (5) | Delegation of power to subdelegate | |
| (6) | Term of delegation | |
| (7) | Transitional | |
| 12.1 | Shared services | |
| (2) | Delegation of Minister of Finance's powers | |
| (3) | Delegation of other minister's powers | |
| (4) | Scope of authorization | |
| (5) | Term of delegation | |
| (6) | Effect of authorization | |
| (7) | Regulations | |
| 13 | Appointment of Provincial Comptroller | |
| (2) | Comptroller's responsibilities | |
| (3) | Powers of Comptroller | |
| (4) | Powers of Comptroller under clause (3)(e) | |
| 13.1 | Responsibility for internal audit system | |
| (2) | Powers | |
| 14 | Officers stationed in departments or organizations | |
| PART 3 | ||
| PUBLIC MONEY | ||
| 15 | Consolidated Fund | |
| 16 | Collection and management of public money | |
| 17 | Payment of fees and commissions | |
| (2) | Exception to subsection (1) | |
| 17.1 | Collection and retention of service fees | |
| (2) | Reporting of amounts | |
| 18 | Banking | |
| 19 | Banking by government agencies | |
| 20 | Refund of money | |
| (2) | Refund made after fiscal year end | |
| 21 | Write-off of debts and obligations | |
| (2) | Effect of write-off | |
| 22 | Remission of money paid or payable | |
| (2) | Terms of remission | |
| (3) | Non-performance of condition | |
| (4) | Refund out of Consolidated Fund | |
| 23 | Settlement of debt or obligation | |
| 24 | Records of write-offs, remissions etc. to be available | |
| 25 | Interest on overdue accounts | |
| (2) | Rate of interest and recovery | |
| (3) | Effective date of regulation | |
| 26 | Revenue of fiscal year | |
| 26.1 | Fiscal stabilization account | |
| (2) | Target level | |
| (3) | Annual transfer to account | |
| (4) | Use of account | |
| 27 | Definition of "financial institution" | |
| (2) | Investment of public money | |
| (3) | Investment of trust money | |
| (4) | Deposit deemed to be investment | |
| (5) | Lending securities | |
| 28 | Voting securities | |
| PART 4 | ||
| DISBURSEMENT OF PUBLIC MONEY | ||
| 29 | Payment out of Consolidated Fund | |
| (2) | Payment of amounts appropriated | |
| (3) | Payment of expenditure incurred in prior year | |
| 29.1 | [Repealed] | |
| 30 | Definition of "statutory appropriation" | |
| (2) | Main estimates | |
| (2.1) | [Repealed] | |
| 31 | Main estimates supplement | |
| 31.1 | Budget to reflect main estimates of expenditure | |
| 32 | Special warrants | |
| (2) | When appropriation exists | |
| (3) | When no appropriation exists | |
| (3.1) | [Repealed] | |
| (4) | Special warrants to be reported | |
| (5) | "Expenditure" defined | |
| 33 | Enabling appropriations | |
| 34 | Use of appropriation | |
| 34.1 | Transfer between operating expenditure appropriations within department | |
| (2) | Transfer is exception to any other authorization | |
| (3) | Report in public accounts | |
| 35 | Loans, guarantees and debt charges payable without votes | |
| 36 | Payment of trust money | |
| 37 | Lapse of appropriations | |
| 38 and 39 | [Repealed] | |
| 40 | Refunds or repayments of expenditures | |
| (2) | Refunds or repayments under cost shared programs | |
| 41 | Definitions | |
| (2) | Payment of money ordered by court etc. | |
| (3) | Settlement of claims | |
| (4) | Treasury Board approval required | |
| (5) | Regulation of L.G. in C. | |
| (6) | If no appropriation or insufficient appropriation | |
| (7) | Money paid under subsection (6) to be reported | |
| 42 | Expenditures authorized for agreements with Canada | |
| 43 | Authority for expenditures in anticipation of recoveries | |
| 44 | Certification of contract performance | |
| (2) | Persons authorized to certify payment | |
| 45 | Authority for commitments to future expenditures | |
| (2) | Limit on expenditure commitments | |
| (3) | Commitments to be reported | |
| (4) | Commitments to be in main estimates | |
| 46 | Accountable advances | |
| 47 | Set-offs | |
| 48 | Interest on amounts owing and trust money | |
| PART 5 | ||
| PUBLIC DEBT | ||
| 49 | Authorization of debt | |
| (2) | Raising money to refinance debt or for temporary purposes | |
| 50 | Authority to raise money | |
| (2) | Manner of raising money | |
| (3) | Powers re raising money | |
| (4) | Terms and conditions of securities | |
| (5) | Other powers respecting provincial securities | |
| 51 | Records of loans to be available | |
| 52 | Raising money in foreign currency | |
| 53 | Purposes of money raised under section 50 | |
| 54 | Execution of provincial securities | |
| (2) | Regulations by L. G. in C. | |
| 55 | Reproduced signature | |
| 56 | Cancellation of provincial securities held by government | |
| 57 | Change in form of public debt | |
| (2) | Limitation on substitution | |
| (3) | How substitution may be made | |
| (4) | Restriction on substitutions | |
| 58 | Regulations re provincial securities | |
| 59 | Execution of trusts | |
| 60 | Sinking fund | |
| 60.1 | Pension assets fund continued | |
| (2) | Amounts to be credited to pension assets fund | |
| (3) | Payments out of pension assets fund | |
| PART 6 | ||
| ADVANCES, LOANS AND GUARANTEES BY THE GOVERNMENT |
||
| 61 | Advances by government | |
| (2) | Interest rate | |
| (3) | Minimum rate of interest | |
| 62 | Guarantee of securities of government agencies | |
| 63 | Supplementary loan and guarantee authority | |
| (2) | Limit on amount of loans and guarantees | |
| (3) | Administration | |
| (4) | Report to Legislative Assembly | |
| 64 | Establishment of loan or loan guarantee programs | |
| (2) | Contents of loan program | |
| (3) | Authority of minister or agency to administer program | |
| PART 7 | ||
| PUBLIC ACCOUNTS AND REPORTS | ||
| 65 | Preparation of public accounts | |
| (2) | Submitting public accounts | |
| (3) to (5) | [Repealed] | |
| 66 | Adjustments after end of fiscal year | |
| 67 | Accountability to the Legislative Assembly | |
| 67.1 | Report on fuel tax revenue and expenditure | |
| (2) | Report to be tabled | |
| (3) | Report to be included in public accounts | |
| (4) | Excess revenue | |
| 67.2 | [Not yet proclaimed] | |
| 67.3 | [Repealed] | |
| 67.4 | [Repealed] | |
| PART 8 | ||
| REVENUE OFFICERS | ||
| 68 | Definition of "revenue officer" | |
| 69 | Appointment of revenue officers | |
| (2) | Regulations or directives of minister | |
| (3) | Limitation re revenue officers under other Acts | |
| 70 | Offence by revenue officer | |
| 71 | Revenue officers not accounting | |
| (2) | Failure to comply with notice | |
| (3) | Account as evidence | |
| 72 | Accounting for money received | |
| (2) | Liability for public money lost | |
| 73 | Accepting unauthorized fees | |
| (2) | Payment of unauthorized fee | |
| 74 | Accounts of revenue officer | |
| (2) | Payment of balance to Minister of Finance | |
| PART 9 | ||
| MISCELLANEOUS | ||
| 75 | Saving of other legal remedies | |
| 76 | Recovery of public money | |
| 76.1 | Meaning of "authorized person" | |
| (2) | Powers of authorized person | |
| (3) | Assistance to authorized person | |
| (4) | Copies of records | |
| 76.2 | Duties of directors, officers, etc. | |
| (2) | Reliance on statements | |
| 76.3 | Subsidiary of reporting organization | |
| 77 | Recitals and declarations | |
| 78 | Self-sustaining debt | |
| (2) | General purpose debt | |
| 79 | Regulations re retention and destruction of documents | |
| 80 | Disclosure of contracts | |
| (2) | Contracts to be reported | |
| (3) | Regulations | |
| 80.1 | Annual report on procurement | |
| (2) | Report to be laid before Assembly | |
| 81 | Reproduction of seal | |
| PART 10 | ||
| CONSEQUENTIAL AMENDMENTS, REPEAL, C.C.S.M. REFERENCE AND COMING INTO FORCE |
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| 82 to 110 | [amendments to other Acts] | |
| 111 | Repeal | |
| 112 | C.C.S.M. reference | |
| 113 | Coming into force | |
| (1.1) | Coming into force: subsection 25(3) | |
| (2) | Coming into force: sections 93 and 108 | |
| (3) | Coming into force: certain consequential amendments | |