Acts and Regulations

2018-22 - Education Act

Table of contents
Full text
NEW BRUNSWICK
REGULATION 2018-22
under the
Education Act
O.C. 2018-68)
Filed March 13, 2018
1Section 10.1 of New Brunswick Regulation 97-150 under the Education Act is repealed and the following is substituted:
10.1The budgetary surplus realized in its operations and retained by a District Education Council from year to year in accordance with subsection 50.2(9) of the Act shall not at any time exceed an accumulated amount of
(a) $250,000, if the initial budget provided to the District Education Council was less than $100,000,000,
(b) $325,000, if the initial budget provided to the District Education Council was $100,000,000 or more but less than $200,000,000, or
(c) $500,000, if the initial budget provided to the District Education Council was $200,000,000 or more.