Acts and Regulations

2011, c.217 - Regional Health Authorities Act

Full text
Trust and other funds
38(1)A regional health authority shall not use the capital of trust or other funds over which the regional health authority exercises powers and discharges responsibilities of a fiduciary or other nature unless its use has been approved in the regional health and business plan for that regional health authority.
38(2)Despite subsection (1), the capital of trust or other funds over which a regional health authority exercises powers or discharges responsibilities of a fiduciary or other nature may be used if a specific directive in the instrument creating the fund authorizes the use of the capital and the use of the capital is consistent with the regional health and business plan for that authority.
38(3)The transfer and vesting by this Act of powers and responsibilities of a fiduciary or other nature over trust and other funds does not alter the purposes for which a trust or other funds were established, and the funds shall be used for the purpose for which they were intended.
2002, c.R-5.05, s.38
Trust and other funds
38(1)A regional health authority shall not use the capital of trust or other funds over which the regional health authority exercises powers and discharges responsibilities of a fiduciary or other nature unless its use has been approved in the regional health and business plan for that regional health authority.
38(2)Despite subsection (1), the capital of trust or other funds over which a regional health authority exercises powers or discharges responsibilities of a fiduciary or other nature may be used if a specific directive in the instrument creating the fund authorizes the use of the capital and the use of the capital is consistent with the regional health and business plan for that authority.
38(3)The transfer and vesting by this Act of powers and responsibilities of a fiduciary or other nature over trust and other funds does not alter the purposes for which a trust or other funds were established, and the funds shall be used for the purpose for which they were intended.
2002, c.R-5.05, s.38