R.S.M. 1987, c. F55

The Financial Administration Act

Back to the Act

Table of Contents

1		Definitions.
PART I ADMINISTRATION AND ACCOUNTING
2		Application of Act.
3		Delegation of authority, etc.
	(2)	Effect of legislation.
4		Consolidated Fund.
5		Government banking arrangements.
	(2)	Restriction on accounts.
6		Banking arrangements of agencies.
7		Government accounts.
8		Adjustments after end of fiscal year.
	(2)	Effective after June 30.
9		Preparation of Public Accounts.
10		Contents of Public Accounts.
11		Printing of Public Accounts.
12		Submission to Legislature.
13		Access to government records.
	(2)	Officers stationed in other branches.
	(3)	Security requirements.
14		Accounting services.
15		Examination under path.
PART II PUBLIC MONEY
16		Directives.
17		Revenue of fiscal year.
	(2)	Certain revenues received after end of fiscal year.
	(3)	Revenues not received in time.
	(4)	Deferred revenues.
	(5)	Accruals.
18		Payment of public moneys to minister.
19		Investments of public moneys.
	(2)	Sale of securities.
	(3)	Investments authorized by Lieutenant Governor in Council.
	(4)	Realizing on investments.
	(5)	Investment of trust and special moneys.
	(6)	Voting shares.
20		Meaning of indirect ownership.
	(2)	Investment in shares of corporations.
	(3)	Investment in shares by government agency.
	(4)	Incorporation of corporations.
	(5)	Relationship of corp. to government.
	(6)	Incorporation of corp. by government agency or government corp.
	(7)	Relationship of corp, owned by government agency.
	(8)	Relationship of corporation owned by government owned corp.
21		Reserve for assets.
	(2)	Payments from reserves.
	(3)	Payments to reserves.
	(4)	Abolition of reserve.
22		Refunds, etc.
	(2)	Cost sharing payments.
	(3)	Refunds in subsequent years.
	(4)	Refund of trust expenditure.
23		Authority to make refunds.
	(2)	Accounting for repayments.
	(3)	Delegation to government agency.
	(4)	Delegation to deputy minister.
24		Remission of moneys payable.
	(2)	Terms of remission.
	(3)	Conditional remission.
	(4)	Statement of remissions.
25		Authority for write-offs.
	(2)	Authority of Lieutenant Governor in Council.
	(3)	Supplemental authority.
	(4)	Statement in Public Accounts.
26		Appointment of revenue officers.
	(2)	Direction of minister.
27		Offence by revenue officer.
	(2)	Onus.
28		Revenue officers not accounting.
	(2)	Failure to comply with notice.
29		Liability for public moneys lost.
	(2)	Accounting for moneys received.
30		Accepting unauthorized fees.
31		Payment of unauthorized fee.
32		Accounts of revenue officer.
33		Payment of balance to minister.
34		Time of accounting by officials.
PART III PUBLIC DISBURSEMENTS
35		Period of estimates.
36		Contents of estimates.
37		Lapse of appropriations.
	(2)	Payment after end of fiscal year.
	(3)	Late accounts.
38		Restriction on payments.
39		Special warrants.
	(2)	Statement of special warrants.
40		Trust payments.
	(2)	Interest on trust accounts.
	(3)	Deposit deemed to be investment.
41		Payment of judgments.
	(2)	Settlement of claims.
	(3)	Authority of L. G. in C. in certain cases.
42		Limitation on contracts.
	(2)	Future commitments.
	(3)	Guarantees.
43		Accountable advances.
	(2)	Request for advance.
	(3)	Accounting for advances.
	(4)	Repayment of advances.
44		Payment for work etc.
45		Minister's control of payments.
	(2)	Payments by cheque.
	(3)	Execution of cheques.
	(4)	Facsimile signatures.
	(5)	Other forms of payment.
	(6)	Regulations.
PART IV PUBLIC DEBT
46		Authorization of debt.
47		Form of provincial securities.
48		L.G. in C. may set parameters for borrowing.
	(2)	Details of borrowing to be reported.
49		Debt charged on Consolidated Fund.
50		Borrowed moneys credited to Consolidated Fund.
51		Authority for borrowing.
52		Purposes of borrowing.
53		Performance bonds, etc.
54		Guarantee of lines of credit.
55		Assuming government agency debt.
	(2)	Declaration of nature of debt.
	(3)	Funds for sinking fund.
56		Supplementary loan and guarantee authority.
	(2)	Administration.
	(3)	Report to Legislature.
57		Guarantees and other undertakings for corporations.
	(2)	Abatement of borrowing authority.
58		Payment of loans and guarantees.
59		Annual debt charges.
	(2)	Charges on self-sustaining debt
60		Retirement of securities held by government.
61		Advances to government agencies.
	(2)	Cancellation of securities not to affect agency liability.
	(3)	Advances by way of investment.
62		Unexpended borrowings.
63		Termination of authority for loans.
64		Recitals in orders in council.
65		Agreements respecting loans.
	(2)	Agreement to prepay or refinance borrowing.
66		Amortization of debt discounts and premiums.
	(2)	Moneys accumulated for debt discount
67		Loans in foreign currencies.
	(2)	Abatement in foreign currencies.
68		Issue of temporary securities.
	(2)	Reissue of redeemed securities.
69		Exemption from taxes.
70		Reproduced signatures.
	(2)	Counter signature.
71		Execution of trusts.
72		Compliance with disclosure requirements.
73		Application of Act.
74		Validity of provincial securities.
75		Sinking fund maintained.
76		Credits to sinking fund.
	(2)	Exception.
	(3)	Where debt redeemed.
	(4)	Where sinking fund sufficient.
77		Determination of foreign currency securities.
78		Self-sustaining debt.
	(2)	General purpose debt.
PART V MISCELLANEOUS
79		Set-offs.
80		Recovery of penalties, etc.
81		Other legal remedies.
82		Reproduction of seal.
83		Discontinuance of reports, etc.
84		Powers of Lieutenant Governor in Council.
85		Regulations.
86		Rights preserved.
87		Reports by Provincial Auditor.
88		References to repealed statutes.
	(2)	References to Provincial Treasurer.
89		References to divisions of fund.
90		Debts due to government to pay interest.
91		Agreements re C.P.P.