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R-25.1 - Act to establish a budgetary surplus reserve fund

Section 4
Disposition versions

Full text
4. Notwithstanding sections 1 to 3, the Government may appropriate the reserve fund in whole or in part to the maintenance of budgetary balance where it considers any of the following circumstances has arisen :
(1)  a disaster having a major impact on revenue or expenditure ;
(2)  a significant deterioration of economic conditions ; or
(3)  a change in federal programs of transfer payments to the provinces that would substantially reduce transfer payments to the Government.
2001, c. 56, s. 4.
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