Acts and Regulations

2016, c.105 - New Brunswick Liquor Corporation Act

Full text
Reserve funds
24(1)From the profits arising under this Act, as certified by the Minister of Finance and Treasury Board, 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 and Treasury Board.
R.S.1973, c.N-6.1, s.19; 2019, c.29, s.103
Reserve funds
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.
R.S.1973, c.N-6.1, s.19