7(1)In each fiscal year, the Board shall prepare and approve a balanced annual operating budget for the next fiscal year.

7(2)Notwithstanding paragraph 5(2)(b), in any one fiscal year the Board may borrow for operating expenses a sum not exceeding 25% of its most recently approved annual operating budget without first obtaining the approval of the Lieutenant-Governor in Council.

7(3)The Board shall carry forward any surplus or deficit occurring at the end of a fiscal year into the next fiscal year.

7(4)Notwithstanding subsection (3), the Board may accrue surplus funds occurring at the end of any fiscal year in a reserve fund, which shall be used to fund the reduction or elimination of the fee payable under section 31, 48, 50.26, 50.45, 50.67, 50.85 or 50.981 in a manner compatible with the purposes of the Board.

7(1)In each fiscal year, the Board shall prepare and approve a balanced annual operating budget for the next fiscal year.

7(2)Notwithstanding paragraph 5(2)(b), in any one fiscal year the Board may borrow for operating expenses a sum not exceeding 25% of its most recently approved annual operating budget without first obtaining the approval of the Lieutenant-Governor in Council.

7(3)The Board shall carry forward any surplus or deficit occurring at the end of a fiscal year into the next fiscal year.

7(4)Notwithstanding subsection (3), the Board may accrue surplus funds occurring at the end of any fiscal year in a reserve fund, which shall be used to fund the reduction or elimination of the fee payable under section 31, 48, 50.26, 50.45, 50.67 or 50.85 in a manner compatible with the purposes of the Board.

7(1)In each fiscal year, the Board shall prepare and approve a balanced annual operating budget for the next fiscal year.

7(2)Notwithstanding paragraph 5(2)(b), in any one fiscal year the Board may borrow for operating expenses a sum not exceeding 25% of its most recently approved annual operating budget without first obtaining the approval of the Lieutenant-Governor in Council.

7(3)The Board shall carry forward any surplus or deficit occurring at the end of a fiscal year into the next fiscal year.

7(4)Notwithstanding subsection (3), the Board may accrue surplus funds occurring at the end of any fiscal year in a reserve fund, which shall be used to fund the reduction or elimination of the fee payable under section 31, 48, 50.26, 50.45 or 50.67 in a manner compatible with the purposes of the Board.

7(1)In each fiscal year, the Board shall prepare and approve a balanced annual operating budget for the next fiscal year.

7(2)Notwithstanding paragraph 5(2)(b), in any one fiscal year the Board may borrow for operating expenses a sum not exceeding 25% of its most recently approved annual operating budget without first obtaining the approval of the Lieutenant-Governor in Council.

7(3)The Board shall carry forward any surplus or deficit occurring at the end of a fiscal year into the next fiscal year.

7(4)Notwithstanding subsection (3), the Board may accrue surplus funds occurring at the end of any fiscal year in a reserve fund, which shall be used to fund the reduction or elimination of the fee payable under section 31 or 48 in a manner compatible with the purposes of the Board.