Skip to main content
The Financial Administration Act

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 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
ENFORCEMENT
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
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