Deletions from the assets of the Province
23(1)Subject to subsections (2) and (2.1), the Board, in accordance with the regulations, may delete from the assets of the Province in whole or in part any obligation or debt due to the Province or any claim by the Province.
23(2)The Secretary to Board, in accordance with the regulations, may delete from the assets of the Province any obligation or debt due to or claim by the Province that does not exceed $100.
23(2.1)The Minister may delete from the assets of the Province any obligation or debt due to or claim by the Province that pertains to any tax and any associated interest and penalties in any of the following circumstances:
(a)
the bankruptcy of the taxpayer;
(b)
in the case of the tax imposed under the
Real Property Tax Act,
(i)
the property account number is terminated,
(ii)
the Minister purchases or attempts to sell the real property at a sale held under section 12 of that Act, or
(iii)
the real property is assessed in the name of the Province and tax arrears are due and payable on the property; or
(c)
the total amount to be deleted does not exceed $25,000 and the Minister considers it in the public interest to do so or considers that hardship or injustice has resulted or is likely to result.
23(3)Deletions under this section may be charged
(a)
to applicable revenues or reserves, or
(b)
if there are no applicable revenues or reserves, to the Consolidated Fund as an appropriation.
23(4)Deletions under this section during any year are to be reported in the Public Accounts for that year.
23(5)If any public money is included in a reserve established under this Act, it is to be charged to the Consolidated Fund as an expenditure.
R.S.1973, c.F-11, s.29; 1994, c.19, s.2; 2012, c.55, s.3; 2016, c.37, s.70; 2019, c.29, s.59; 2022, c.42, s.6