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M-24.01 - Act respecting the Ministère des Finances
Section 30
Disposition versions
30. Despite section 54 of the Financial Administration Act (chapter A-6.001), the Minister may not advance to the Fund sums credited to the general fund except for the purposes described in section 25 or 29 of this Act.
The Government’s authorization for an advance for the purposes of section 29 must specify when the advances are to be made to the Fund and the costs reimbursable out of the advance or chargeable in computing the applicable rates of interest.
If the sums advanced are borrowed under a borrowing plan, the Minister shall determine the amount of each advance and when it is transferred to the Fund, within the limits specified in the order authorizing the advance and made in the context of the borrowing plan.
30. The Minister may, for any purpose consistent with section 25, make advances to the fund out of the consolidated revenue fund with the authorization of the Government and on the conditions it determines.
The Minister may also, for any purpose consistent with section 29, with the authorization of the Government and on the conditions it determines, make advances to the fund out of the consolidated revenue fund. The authorization of the Government shall specify the intervals at which the advances are to be paid into the fund and the costs reimbursable out of the advance or chargeable in computing the applicable rates of interest.
Where the sums advanced are borrowed under a borrowing plan, the Minister shall determine the amount of each advance and the time it is paid into the fund within the limits fixed in the order authorizing the advance made in the context of the borrowing plan.
Conversely, the Minister may make advances to the consolidated revenue fund, on a short-term basis and on the conditions determined by the Minister, out of any sums making up the fund that are not required for its operation.
Any advance made to a fund shall be repayable out of that fund.
