Acts and Regulations

E-1.12 - Education Act

Section 50.2
Disposition versions

Full text
School district budgets and expenditures
2000, c.52, s.53
50.2(1)The Minister shall provide annually to each District Education Council a budget for the operation of the school district for which the District Education Council is established.
50.2(2)The Minister may
(a) revise the budget provided under subsection (1), and
(b) establish guidelines respecting the expenditure of the budget provided under subsection (1), or any revision of the budget under paragraph (a).
50.2(3)A District Education Council may expend
(a) in accordance with any guidelines established by the Minister under paragraph (2)(b), such sums of money as are provided in the budget under subsection (1), or any revision of the budget under paragraph (2)(a),
(a.1) the additional sums of money derived from the fees under section 8.1,
(a.2) subject to the terms of an agreement under section 8.2, the additional sums of money derived from the fees under that section,
(a.3) subject to the terms of an agreement under section 8.3, the additional sums of money derived from the fees under that section,
(b) in accordance with the regulations, such additional sums of money as are
(i) earned and retained by the District Education Council from sources specified by regulation,
(ii) awarded to the District Education Council, or
(iii) received by the District Education Council by way of gift, and
(c) in accordance with the terms of the trust, such additional sums of money as are received by the District Education Council in trust for specific purposes.
50.2(4)The sums of money provided in the budget under subsection (1), or any revision of the budget under paragraph (2)(a), are to be drawn out of the Consolidated Fund by the District Education Council in accordance with the Financial Administration Act.
50.2(5)The financial accounts and records of a District Education Council shall be maintained on the financial accounting system provided and supported by the Province.
50.2(6)The Minister may, at the discretion of the Minister, examine the financial accounts and records of a District Education Council referred to in subsection (5).
50.2(7)A District Education Council may hold only such bank accounts as have been approved by the Minister of Finance and Treasury Board.
50.2(8)A District Education Council shall expend only such sums of money as are identified in subsection (3) and shall not borrow money from external sources.
50.2(9)Notwithstanding the Financial Administration Act, a District Education Council may, subject to the regulations, retain from year to year a budgetary surplus which the District Education Council has realized in its operations and any additional sums of money referred to in paragraphs (3)(a.1), (a.2), (a.3), (b) and (c).
2000, c.52, s.53; 2019, c.29, s.43; 2021, c.10, s.1
School district budgets and expenditures
2000, c.52, s.53
50.2(1)The Minister shall provide annually to each District Education Council a budget for the operation of the school district for which the District Education Council is established.
50.2(2)The Minister may
(a) revise the budget provided under subsection (1), and
(b) establish guidelines respecting the expenditure of the budget provided under subsection (1), or any revision of the budget under paragraph (a).
50.2(3)A District Education Council may expend
(a) in accordance with such guidelines as may be established by the Minister under paragraph (2)(b), such sums of money as are provided in the budget under subsection (1), or any revision of the budget under paragraph (2)(a),
(b) in accordance with the regulations, such additional sums of money as are
(i) earned and retained by the District Education Council from sources specified by regulation,
(ii) awarded to the District Education Council, or
(iii) received by the District Education Council by way of gift, and
(c) in accordance with the terms of the trust, such additional sums of money as are received by the District Education Council in trust for specific purposes.
50.2(4)The sums of money provided in the budget under subsection (1), or any revision of the budget under paragraph (2)(a), are to be drawn out of the Consolidated Fund by the District Education Council in accordance with the Financial Administration Act.
50.2(5)The financial accounts and records of a District Education Council shall be maintained on the financial accounting system provided and supported by the Province.
50.2(6)The Minister may, at the discretion of the Minister, examine the financial accounts and records of a District Education Council referred to in subsection (5).
50.2(7)A District Education Council may hold only such bank accounts as have been approved by the Minister of Finance and Treasury Board.
50.2(8)A District Education Council shall expend only such sums of money as are identified in subsection (3) and shall not borrow money from external sources.
50.2(9)Notwithstanding the Financial Administration Act, a District Education Council may, subject to the regulations, retain from year to year a budgetary surplus which the District Education Council has realized in its operations and any additional sums of money referred to in paragraphs (3)(b) and (c).
2000, c.52, s.53; 2019, c.29, s.43
School district budgets and expenditures
2000, c.52, s.53
50.2(1)The Minister shall provide annually to each District Education Council a budget for the operation of the school district for which the District Education Council is established.
50.2(2)The Minister may
(a) revise the budget provided under subsection (1), and
(b) establish guidelines respecting the expenditure of the budget provided under subsection (1), or any revision of the budget under paragraph (a).
50.2(3)A District Education Council may expend
(a) in accordance with such guidelines as may be established by the Minister under paragraph (2)(b), such sums of money as are provided in the budget under subsection (1), or any revision of the budget under paragraph (2)(a),
(b) in accordance with the regulations, such additional sums of money as are
(i) earned and retained by the District Education Council from sources specified by regulation,
(ii) awarded to the District Education Council, or
(iii) received by the District Education Council by way of gift, and
(c) in accordance with the terms of the trust, such additional sums of money as are received by the District Education Council in trust for specific purposes.
50.2(4)The sums of money provided in the budget under subsection (1), or any revision of the budget under paragraph (2)(a), are to be drawn out of the Consolidated Fund by the District Education Council in accordance with the Financial Administration Act.
50.2(5)The financial accounts and records of a District Education Council shall be maintained on the financial accounting system provided and supported by the Province.
50.2(6)The Minister may, at the discretion of the Minister, examine the financial accounts and records of a District Education Council referred to in subsection (5).
50.2(7)A District Education Council may hold only such bank accounts as have been approved by the Minister of Finance.
50.2(8)A District Education Council shall expend only such sums of money as are identified in subsection (3) and shall not borrow money from external sources.
50.2(9)Notwithstanding the Financial Administration Act, a District Education Council may, subject to the regulations, retain from year to year a budgetary surplus which the District Education Council has realized in its operations and any additional sums of money referred to in paragraphs (3)(b) and (c).
2000, c.52, s.53
School district budgets and expenditures
2000, c.52, s.53
50.2(1)The Minister shall provide annually to each District Education Council a budget for the operation of the school district for which the District Education Council is established.
50.2(2)The Minister may
(a) revise the budget provided under subsection (1), and
(b) establish guidelines respecting the expenditure of the budget provided under subsection (1), or any revision of the budget under paragraph (a).
50.2(3)A District Education Council may expend
(a) in accordance with such guidelines as may be established by the Minister under paragraph (2)(b), such sums of money as are provided in the budget under subsection (1), or any revision of the budget under paragraph (2)(a),
(b) in accordance with the regulations, such additional sums of money as are
(i) earned and retained by the District Education Council from sources specified by regulation,
(ii) awarded to the District Education Council, or
(iii) received by the District Education Council by way of gift, and
(c) in accordance with the terms of the trust, such additional sums of money as are received by the District Education Council in trust for specific purposes.
50.2(4)The sums of money provided in the budget under subsection (1), or any revision of the budget under paragraph (2)(a), are to be drawn out of the Consolidated Fund by the District Education Council in accordance with the Financial Administration Act.
50.2(5)The financial accounts and records of a District Education Council shall be maintained on the financial accounting system provided and supported by the Province.
50.2(6)The Minister may, at the discretion of the Minister, examine the financial accounts and records of a District Education Council referred to in subsection (5).
50.2(7)A District Education Council may hold only such bank accounts as have been approved by the Minister of Finance.
50.2(8)A District Education Council shall expend only such sums of money as are identified in subsection (3) and shall not borrow money from external sources.
50.2(9)Notwithstanding the Financial Administration Act, a District Education Council may, subject to the regulations, retain from year to year a budgetary surplus which the District Education Council has realized in its operations and any additional sums of money referred to in paragraphs (3)(b) and (c).
2000, c.52, s.53