2(1)There is established a body corporate called the New Brunswick Liquor Corporation consisting of those persons who make up the board of directors.

2(2)The Corporation is, for all purposes of this Act, an agent of the Crown in right of the Province.

2(3)The Corporation may contract in its corporate name without specific reference to the Crown.

2(4)The Corporation shall have a corporate seal that it may alter or change at pleasure.

2(5)All property, whether real or personal, acquired for the purposes of this Act is vested in the Corporation as agent of the Crown in right of the Province and may be dealt with, leased, sold or otherwise disposed of by the Corporation in its corporate name.

2(6)The head office of the Corporation is at The City of Fredericton.

6(1)The affairs of the Corporation shall be administered by a board of directors consisting of

6(2)The term of office of a member of the Board appointed under paragraph (1)(b) shall not exceed three years.

6(3)A member of the Board appointed under paragraph (1)(b) shall not be appointed for more than three consecutive terms.

6(4)The Board shall administer the affairs of the Corporation on a commercial basis and all decisions and actions of the Board are to be based on sound business practices.

6(5)The members of the Board are directors of the Corporation within the meaning of the Companies Act except if inconsistent with this Act.

6(6)Despite subsection (2), the Lieutenant-Governor in Council shall appoint one member of the Board to hold office as chair of the Board for a term of office of not less than two years and of not more than five years.

6(7)On address of the Legislative Assembly, the Lieutenant-Governor in Council may remove a member of the Board appointed under paragraph (1)(b) for misbehaviour, incapacity or inability to perform his or her duties properly.

6(8)If a member of the Board resigns or is removed under subsection (7), the Lieutenant-Governor in Council may appoint a substitute for the balance of his or her term.

6(9)Despite subsection (2) and subject to subsection (7), a member of the Board shall remain in office until he or she resigns or is reappointed or replaced.

6(10)A vacancy on the Board does not impair the capacity of the Board to act.

7(1)The chair and other members of the Board are entitled to be paid such salaries and allowances as are fixed by the by-laws of the Corporation.

7(2)Each member of the Board is entitled to be paid such travelling and living expenses incurred by the member in the performance of his or her duties as are fixed by the by-laws of the Corporation.

7(3)Despite subsections (1) and (2), no by-law of the Corporation fixing salary, allowances or expenses is of any effect unless it has been approved by the Lieutenant-Governor in Council.

8(1)Five members of the Board constitute a quorum.

8(2)If a member of the Board referred to in paragraph 6(1)(b) is absent from his or her duties for a period in excess of three months or becomes incapacitated or disabled and is unable to act by reason of the absence, illness, infirmity, incapacity or inability, the Lieutenant-Governor in Council may appoint a person to act in the member’s place during the period that the member is absent or incapacitated, and the person appointed while acting in the member’s place may discharge all the duties and has all the rights and powers of a director.

8(3)The affirmative votes of a majority of the members present at a meeting of the Board at which a quorum is present are sufficient to pass any resolution which the Board is competent to make.

8(4)The Board shall appoint an employee of the Corporation to be secretary of the Board who shall perform such duties and functions as the Board may direct.

8(5)Subject to this Act, the Board may make by-laws for the management of the property, effects, business and affairs of the Corporation or relating to any other thing that may be necessary for carrying out the purposes of the Corporation and for exercising any other powers of the Corporation incidental to those purposes.

8(6)A copy of the by-laws and all amendments to the by-laws, certified to be correct by the secretary of the Board, is to be forwarded to the Minister of Finance.

8(7)There shall be minutes taken of the meetings of the Board and the minutes shall be approved by the Board and certified to be correct by the secretary of the Board.

8(8)A copy of the minutes of each meeting of the Board, certified to be correct by the secretary of the Board, shall be submitted to the Minister of Finance after each meeting of the Board.

9(1)The Lieutenant-Governor in Council shall appoint a President of the Corporation for a term not exceeding five years.

9(2)The President shall be appointed from among those persons nominated by the Board in accordance with subsection (7).

9(3)The President is the chief executive officer of the Corporation and is, subject to the direction of the Board, charged with the general direction, supervision and control of the business of the Corporation and may exercise any other powers and duties conferred on him or her by the by-laws of the Corporation or by this Act.

9(4)The President shall be paid the remuneration that the Lieutenant-Governor in Council determines, and the payment shall be made out of the funds of the Corporation.

9(5)In determining the remuneration of the President, the Lieutenant-Governor in Council shall consider any recommendation made by the Board.

9(6)Before making nominations under this section, the Board shall advise the Lieutenant-Governor in Council of the skills and qualification requirements for nominees for the position of President.

9(7)In making nominations under this section, the Board shall

9(8)A President may be reappointed for a second or subsequent term of office not exceeding five years, but subsection (2) does not apply to a President who is reappointed before or immediately after the expiry of his or her term.

9(9)In the case of a temporary absence or inability to act of the President, the Board may, despite anything else in this section, appoint a substitute for him or her for the period of the temporary absence or inability to act.

9(10)On the recommendation of the Board, the Lieutenant-Governor in Council may remove the President from office in accordance with a contract of employment between the Corporation and the President or in accordance with applicable law.

9(11)If the President is removed under subsection (10), the Board may, despite anything else in this section, appoint a substitute for him or her to hold office until a new President is appointed under this section.

9(12)Despite subsections (1) and (8) and subject to subsection (10), the President shall remain in office until he or she resigns or is reappointed or replaced.

9(13)The resignation of the President becomes effective at the time a written resignation is received by the Corporation, or at the time specified in the resignation, whichever is later.

9(14)The President shall devote his or her whole time and attention to the performance of his or her functions for the Corporation and shall engage in no other occupation.

9(15)The President is, by virtue of the office, a non-voting member of the Board.

10(1)The employees of the Corporation shall be appointed in accordance with the staff requirements and mode of appointment established by the by-laws of the Corporation.

10(2)The remuneration and other conditions of employment of the employees, other than the remuneration referred to in subsection 9(4), shall be established by the by-laws of the Corporation.

10(3)The pension plan converted to a shared risk plan in accordance with An Act Respecting Public Service Pensions applies to the President and the employees of the Corporation.

11(1)A person shall not be appointed to or continue as a member of the Board unless the person is a Canadian citizen ordinarily resident in the Province.

11(2)Subject to the approval of the Lieutenant-Governor in Council, the Board shall make by-laws establishing the policy of the Corporation in respect of conflicts of interest pertaining to members of the Board, including the circumstances that constitute a conflict of interest, the disclosure of a conflict of interest and the manner in which a conflict of interest is to be dealt with.

13(1)The Corporation shall make by-laws relating to the purchase of supplies, except liquor, required by the Corporation for the transaction of its business and affairs, and the by-laws shall conform, as far as possible, with the spirit and intent of the Procurement Act.

13(2)All by-laws, vendor lists or other documentation relating to the purchase of supplies adopted by the Corporation shall be open to public inspection and shall be made available to vendors who request in writing a copy of the material for the purpose of submitting tenders for the purchase of supplies by the Corporation.

14(1)The Corporation shall make by-laws relating to contracts for the construction, repair or alteration of land or structures owned or administered by the Corporation, and the by-laws shall conform with the Crown Construction Contracts Act.

14(2)All by-laws or other documentation relating to contracts for the construction, repair or alteration of land or structures owned or administered by the Corporation shall be open to public inspection and shall be made available to contractors who request in writing a copy of the material for the purpose of submitting tenders.

14(3)In the event of a conflict between a by-law made under subsection (1) and the Crown Construction Contracts Act, the Crown Construction Contracts Act prevails.

20(1)The Corporation shall maintain in its own name one or more accounts in any chartered bank designated by the Minister of Finance.

20(2)Despite the Financial Administration Act, all money received by the Corporation through the conduct of its operations or otherwise is to be deposited to the credit of the accounts established under subsection (1) and shall be administered by the Corporation exclusively in the exercise and performance of its powers, duties and functions.

20(3)The Corporation shall pay all salaries of the members of the Board and its employees and all expenditures incurred by the Corporation in operating its business.

21(1)Before February 28 in each year, the Board shall prepare and submit to the Treasury Board a budget containing estimates of the amounts required for working capital and for capital expenditures required during the next fiscal year for the purposes of the Corporation and forecasting the estimated net profit of the Corporation for the next fiscal year.

21(2)The Secretary to Treasury Board may make a report on the budget, containing such recommendations as he or she considers appropriate, to the chair of the Board within 30 days after receipt of the budget.

21(3)If in any fiscal year it appears that the actual revenue or expenditure of the Corporation is likely to be substantially greater or less than estimated in its budget, the Board shall submit to the Treasury Board a revised budget containing the particulars required under subsection (1).

21(4)All outlays and expenditures of a capital nature in excess of $500,000 shall be approved in advance by the Treasury Board.

21(5)The Board shall submit to the Minister of Finance, at such times as the Minister may prescribe, reports setting out the net profit and net profit forecasts of the Corporation, and the reports shall contain such information as the Minister may prescribe.

21(6)The Board shall submit to the Minister of Finance, at such times as the Minister may prescribe,

22(1)The Corporation may, with the approval of the Minister of Finance, borrow money from any chartered bank and make arrangements with any chartered bank for loans or money overdrafts with such times of repayment as the Corporation considers advisable and necessary, and may mortgage the lands and other assets of the Corporation to secure the loans.

22(2)The Lieutenant-Governor in Council may, on such terms and conditions as he or she considers expedient, authorize the guarantee by the Minister of Finance, on behalf of the Crown in right of the Province, of the repayment of all money borrowed by the Corporation under this section, and the guarantee, when given, renders the Crown in right of the Province liable for the repayment of the money so borrowed, and is conclusive evidence of the liability of the Province.

22(3)The Minister of Finance may advance out of the Consolidated Fund such sums as may be necessary for the purpose of discharging, in whole or in part, all or any liabilities of the Corporation or guaranteed, and all sums so advanced shall be repaid by the Corporation in such amounts and at such times as the Minister of Finance may decide, and until paid bear interest, for credit to the Consolidated Fund, at such rate as may be determined by the Minister of Finance.

23(1)The Corporation shall prepare audited financial statements and submit them to the Minister of Finance in each year at such time as may be prescribed by the Minister.

23(2)The Corporation shall release to the public a summary of its unaudited financial results within 30 days after the end of each quarter of the fiscal year.

23(3)The accounts of the Corporation shall show gross income arising from the sale of liquor.

23(4)All books or records of accounts, bank books and other documentation of the Corporation shall at all times be open to the inspection of the Minister of Finance or such other person as the Minister may designate.

23(5)The Lieutenant-Governor in Council may request the Auditor General or any other person to audit the accounts of the Corporation, and a report of the audit containing such particulars as the Lieutenant-Governor in Council may require shall be made to the Lieutenant-Governor in Council on or before August 1 following the close of the fiscal year for which the report is made.

24(1)From the profits arising under this Act, as certified by the Minister of Finance, there shall be taken such sums as may be determined by the Lieutenant-Governor in Council for the creation of a reserve fund to repay money borrowed under section 22.

24(2)The net profits remaining after providing the sums required for purposes of the reserve fund are to be paid into the Consolidated Fund in the manner and at the times prescribed by the Minister of Finance.