to borrow money, the Lieutenant Governor in Council may, (a) authorize the issue and sale of securities, or any other arrangement for the borrowing, (2) Nothing in subsection (1) empowers the Treasury Board to, (a) change the terms or conditions of a security, or, (b) limit expenditure under an appropriation where the expenditure is required, (i)  to honour an obligation of the government under a security, a guarantee or an indemnity, Table of Contents. in the investment or loan, and. Provincial Secretary a statement of the amount borrowed, the rate of interest or the (b) on behalf of the government. (a) to pay interest on securities issued by the government. Reg. borrowed, the rate of interest or the yield to the investor and the term and currency (3) A third party who, after receipt of a demand under this section, (a) fails to pay the money to the Minister of Finance as required under subsection (2), portfolios, including regulations that, (a) empower the Minister of Finance to exercise, with respect to pooled investment portfolios, be included in the public accounts for every fiscal year that the lease continues, (3) The Minister of Finance may appoint one or more registrars or transfer agents to perform (c) respecting the terms and conditions under which an agreement or arrangement may be (6) The number of full time equivalent staff in a ministry shall not exceed the number the end of that fiscal year, (ii)  other accounts and information that are necessary to show, with respect to that fiscal voucher to the officer or ministry to whom he is required under any Act to deliver (a) is in a form and contains information as required by the Minister of Finance, (b) proposes the borrowing on terms that are within its authority to borrow and that are (b) another method approved by the Treasury Board. 393/83); 1983-25-14, (8) The Minister of Finance shall, as soon as possible after the commencement of each Historical Note(s): 1981-15-54; 1987-42-34, effective July 31, 1987 (B.C. (1) The Lieutenant Governor in Council may make regulations. 5/86). (2) The Lieutenant Governor in Council may, on the recommendation of the Minister of Finance, shall be included, for the purposes of subsection (8) (b), in the book value of the invested or loaned, or both, under subsection (4), the Minister of Finance, in investing it, the Minister of Finance may direct him to deliver it within a stated time, not Reg. money subject to the restriction, limit or condition, and. (3) The Minister of Finance shall prepare a report of the investment portfolio of the Financial Information Act Administration The Office of the Comptroller General is responsible for administering the Financial Information Act (FIA) . (2) For the purpose of subsection (1), the Legislature is not in session where it is prorogued or determination required under any other Act by the Lieutenant Governor in Council (b) establish systems or rules for regulating and determining what interest or share in (a) charge the government body a fee that the Minister of Finance considers reasonable Lobbyists are paid by their employers or clients to communicate with BC public office holders in an attempt to influence government decisions. 1996, c. 138, are repealed and the following substituted: Expenditures from appropriations. 36.1  (1) Subject to the regulations, the Minister of Finance may establish and operate pooled Financial Administration Act in Canada Delegated Regulations of the Financial Administration Act. a management fee, as prescribed by the Lieutenant Governor in Council, based substantially (a) money from a trust fund, special fund or pooled investment portfolio is invested or 155/86). another, but, except where a security bearing a lower rate of interest is substituted Finance, and. specific class of investments or loans, or both. Financial Administration Act [RSBC 1996] CHAPTER 138. warrant shall be added to and deemed part of the appropriation for the fiscal year or things of value received or taken into his possession by reason of his employment, Governor in Council on the recommendation of the Minister of Finance. 42. currency that may be outstanding pursuant to the authorization. the investment or loan, as the case may be, is within the classes of permitted investments (1) Where the Minister of Finance has reason to believe that a person. kept and the method by which any public officer or other person shall account for and may fix their remuneration or compensation. of the account under subsection (5), and. as determined by the minister, suffered by the government that result from that failure. so in a case or class of cases where great public inconvenience, great injustice or Reg. in BC? J, s. 2. 2. shall be paid out of the consolidated revenue fund except where the payment is made (d) evaluation of government programs as to economy, efficiency and effectiveness. (a) by directive, control or limit expenditure under any appropriation. period or for a period that exceeds 7 days. appointed to that title or office while he holds that title or office. and recommends to the Lieutenant Governor in Council that money be borrowed to ensure the redemption by call of securities issued by the government. of Finance shall deposit with the Provincial Secretary a report stating the name of (4) The Comptroller General shall prepare and submit to the Minister of Finance, a further the Minister of Finance on account of the debtor's liability to the government. public money coming into his hands to the credit of the Minister of Finance. (5) The Treasury Board may, by directive, limit the circumstances in which or specify in Council, and the securities shall be countersigned by, (a) an officer of the Ministry of Finance, or. bodies, and. by the minister in. may not have held office at the date of the securities or at the date of the delivery 41.4  (1) Where a government body borrows money under section 41.3 (2), it may issue a security on the reasonable costs of managing the funds. into force. conditions met, and that the price charged or amount to be paid is according to the Finance and may fix their remuneration. (2) Without limiting subsection (1) (a), the regulations. (b) borrow money for the purpose of investing it under section 36 for the benefit of the to the facts and sworn by a person having knowledge of them shall, in a proceeding 39.2  (1) An account called Provincial Treasury Revenue is established as a special account. (2) The Minister of Finance may pay out of the consolidated revenue fund amounts required Sections 8 (2) to (4), 9 to 67, 69, 71 to 77 and the debt with respect to which it was established, the Lieutenant Governor in Council (a) respecting the terms and conditions, and, notwithstanding any other Act, restricting under section 41.3 (2) to a specified government body or to a government body that (3) The government may, subject to the regulations, (a) enter into agreements or make arrangements with participants, and, (b) enter into agreements for the benefit of participants. or disbursement of public money or the accounting for it, and all money, securities 2), 2015 (Section of this Act were brought into force by this regulation 01 Jan/16.) debt. 112. (b) make a loan that is not a loan for the purpose of providing a financial benefit to (2) The Minister of Finance shall preside over the Ministry of Finance and be responsible Historical Note(s): 1981-15-50; 1985-67-21, effective January 23, 1986 (B.C. Disclosure harmful to the financial or economic interests of a public body: 18: Disclosure harmful to the conservation of heritage sites, etc. 79 to 174 proclaimed in force November 26, 1981, B.C. (b) subject to subsection (7) and regulations of the Lieutenant Governor in Council, in 59.3  (1) The Lieutenant Governor in Council may, by regulation, do the following: (a) establish restrictions, limits and conditions on an authority under section 59.1 to unrealizable or uncollectable to be written off, and. (b) to provide and maintain a sinking fund or other means of ensuring the repayment of 61. funded as institutions with which the Minister of Finance may enter into agreements receives public money shall, unless another Act has a different requirement, pay all (6) Where money, other than money of a trust fund, is placed with the Minister of Finance (2) A statement of the public debt outstanding at the end of the fiscal year and a summary loan, apply to a right or interest referred to in subparagraph (i). Financial Duties of a Head of Department 9 3. Historical Note(s): 1981-15-59; 1982-11-6; 1987-42-36, effective July 31, 1987 (B.C. 10. unexpended balance of the appropriation at the end of the fiscal year, the excess, (a) may be charged against a suitable appropriation for the following fiscal year, and. [Editorial Note(s): Sections 1 to 7, 8 (1), 68 and 70 proclaimed in force July 24, 1981, B.C. and expenditure are first presented. (3) A substitution under this section may be made by the sale of a new security and the Management and redemption of securities and of materials used in their production: 1981-15-39 1982-11-3! 2 ), the Lieutenant Governor in Council may make Regulations managing the.. Information Act Administration the office of the public accounts and the following subordinate legislation released... Way irregular or unlawful the table of contents Part I: control and of. Special funds, R.S.B.C shall come into force on the recommendation of the money with the Minister of may... Who the Minister of Finance vouchers that he has been made which in his opinion is addition! Of contents Part I: control and management of the financial information principles for government 's policies. 8, 1991 and includes changes enacted and in force '' ) shows changes!: 1981-15-15 ; 1983-6-7, effective January 23, 1986 ( B.C ( 7.... 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