Acts and Regulations

2011, c.101 - Adult Education and Training Act

Full text
Training Services Account
4(1)There is established an account called the Training Services Account.
4(2)The Minister shall be the custodian of the Training Services Account and the Training Services Account shall be held in trust by the Minister.
4(3)The Training Services Account shall be held for the purposes of this section in a separate account in the Consolidated Fund.
4(4)The purpose of the Training Services Account is to provide funding for the expeditious response by the Minister for requests for prescribed training services.
4(5)The assets of the Training Services Account shall be used to provide prescribed training services.
4(6)Payments for the purposes of subsection (4) are a charge on and payable out of the Training Services Account.
4(7)Despite the Financial Administration Act but subject to a maximum amount set by the Treasury Board, the Comptroller may for the purposes of subsection (4) make payments out of the Consolidated Fund.
4(8)When the revenue in the Training Services Account exceeds the expenditures made for the purposes of the Training Services Account, the excess revenue shall, subject to paragraph (10)(a), be paid into the Consolidated Fund.
4(9)When expenditures out of the Training Services Account exceed revenue earned at the end of the fiscal year, the excess expenditure shall be charged to an ordinary account appropriation.
4(10)The Treasury Board
(a) may authorize the Minister to retain revenue in the Training Services Account, and
(b) shall prescribe the time by which excess revenue is to be deposited into the Consolidated Fund.
1992, c.91, s.3; 2016, c.37, s.10
Training Services Account
4(1)There is established an account called the Training Services Account.
4(2)The Minister shall be the custodian of the Training Services Account and the Training Services Account shall be held in trust by the Minister.
4(3)The Training Services Account shall be held for the purposes of this section in a separate account in the Consolidated Fund.
4(4)The purpose of the Training Services Account is to provide funding for the expeditious response by the Minister for requests for prescribed training services.
4(5)The assets of the Training Services Account shall be used to provide prescribed training services.
4(6)Payments for the purposes of subsection (4) are a charge on and payable out of the Training Services Account.
4(7)Despite the Financial Administration Act but subject to a maximum amount set by the Board of Management, the Comptroller may for the purposes of subsection (4) make payments out of the Consolidated Fund.
4(8)When the revenue in the Training Services Account exceeds the expenditures made for the purposes of the Training Services Account, the excess revenue shall, subject to paragraph (10)(a), be paid into the Consolidated Fund.
4(9)When expenditures out of the Training Services Account exceed revenue earned at the end of the fiscal year, the excess expenditure shall be charged to an ordinary account appropriation.
4(10)The Board of Management
(a) may authorize the Minister to retain revenue in the Training Services Account, and
(b) shall prescribe the time by which excess revenue is to be deposited into the Consolidated Fund.
1992, c.91, s.3
Training Services Account
4(1)There is established an account called the Training Services Account.
4(2)The Minister shall be the custodian of the Training Services Account and the Training Services Account shall be held in trust by the Minister.
4(3)The Training Services Account shall be held for the purposes of this section in a separate account in the Consolidated Fund.
4(4)The purpose of the Training Services Account is to provide funding for the expeditious response by the Minister for requests for prescribed training services.
4(5)The assets of the Training Services Account shall be used to provide prescribed training services.
4(6)Payments for the purposes of subsection (4) are a charge on and payable out of the Training Services Account.
4(7)Despite the Financial Administration Act but subject to a maximum amount set by the Board of Management, the Comptroller may for the purposes of subsection (4) make payments out of the Consolidated Fund.
4(8)When the revenue in the Training Services Account exceeds the expenditures made for the purposes of the Training Services Account, the excess revenue shall, subject to paragraph (10)(a), be paid into the Consolidated Fund.
4(9)When expenditures out of the Training Services Account exceed revenue earned at the end of the fiscal year, the excess expenditure shall be charged to an ordinary account appropriation.
4(10)The Board of Management
(a) may authorize the Minister to retain revenue in the Training Services Account, and
(b) shall prescribe the time by which excess revenue is to be deposited into the Consolidated Fund.
1992, c.91, s.3