Acts and Regulations

2014, c.122 - New Brunswick Grain Act

Full text
Financial matters
7(1)The Commission shall maintain in its own name one or more accounts in any chartered bank designated by the Minister of Finance and Treasury Board.
7(2)Despite the Financial Administration Act, all money received by the Commission through the conduct of its operations or otherwise is to be deposited to the credit of the accounts established under subsection (1) and shall be administered by the Commission exclusively in the exercise and performance of its powers, duties and functions.
7(3)The Commission shall not make any expenditure of money or commitment for any expenditure of money to any person without the approval of the Minister.
7(4)Before borrowing money or guaranteeing the repayment of any loan, the Commission shall obtain the authorization in writing of the Minister to do so, and the authorization shall relate to a specific transaction or several transactions over a period of time not to exceed one year.
1980, c.N-5.1, s.6; 2019, c.29, s.98
Financial matters
7(1)The Commission shall maintain in its own name one or more accounts in any chartered bank designated by the Minister of Finance.
7(2)Despite the Financial Administration Act, all money received by the Commission through the conduct of its operations or otherwise is to be deposited to the credit of the accounts established under subsection (1) and shall be administered by the Commission exclusively in the exercise and performance of its powers, duties and functions.
7(3)The Commission shall not make any expenditure of money or commitment for any expenditure of money to any person without the approval of the Minister.
7(4)Before borrowing money or guaranteeing the repayment of any loan, the Commission shall obtain the authorization in writing of the Minister to do so, and the authorization shall relate to a specific transaction or several transactions over a period of time not to exceed one year.
1980, c.N-5.1, s.6