First

Session, 48th General Assembly

Elizabeth II, 2017

BILL 65

AN ACT TO AMEND THE

FINANCIAL ADMINISTRATION ACT NO. 2

Received and Read the First Time .................................................................................................

Second Reading .................................................................................................................................

Committee ..........................................................................................................................................

Third Reading .....................................................................................................................................

Royal Assent ......................................................................................................................................

HONOURABLE

CATHY BENNETT

Minister of Finance and President of Treasury Board

Ordered

to be printed by the Honourable House of Assembly

EXPLANATORY NOTES

This Bill would amend the Financial Administration Act respecting

the tabling of the Public Accounts of the province.

The Bill would

change the required date of

tabling of Public Accounts respecting a fiscal year to before November 1 in the

following fiscal year;

require that, in a year in

which a general election is to be held in accordance with subsection 3(2) of

the House of Assembly Act , Public

Accounts be submitted no less than 15 days before the date fixed for the

general election; and

require that, in addition to

the tabling of Public Accounts on the required date, where a general election

is to be held in accordance with the provisions of

section 3 of the House of Assembly Act other than

subsections 3(2) to (5), an unaudited financial report on the financial state

of the province be submitted in the same manner as the Public Accounts no less

than 15 days before the date fixed for the general election unless, within 3

months of the date fixed for the general election, other indicators of the

financial state of the province have been made publicly available.

A BILL

AN ACT TO AMEND THE FINANCIAL

ADMINISTRATION ACT NO. 2

Analysis

S.60 R&S

Tabling of Public Accounts

Be it enacted by the Lieutenant-Governor and

House of Assembly in Legislative Session convened, as follows:

RSNL1990 cF-8

as amended

Section 60 of the Financial Administration Act is repealed and the following

substituted:

Tabling of Public

Accounts

(1) The

minister shall lay the Public Accounts required under

section 59 before the House

of Assembly or submit them in accordance with subsection (4) before November 1

in the following fiscal year.

(2) Notwithstanding subsection (1), in a year in

which a general election is to be held in accordance with subsection 3(2) of

the House of Assembly Act , the Public

Accounts shall be laid before the House of Assembly or submitted in accordance

with subsection (4) no less than 15 days before the date fixed for the general

election.

(3) In addition to the requirement under

subsection (1), in a year in which a general election is to be held in

accordance with the provisions of

section 3 of the House of Assembly Act , other than subsections 3(2) to (5), an

unaudited report on the financial state of the province shall be laid before

the House of Assembly or submitted in accordance with subsection (4) no less

than 15 days before the date fixed for the general election unless one of the

following has occurred within 3 months of the date fixed for the general

election:

(

a) the Public Accounts for the previous fiscal

year have been laid before the House of Assembly;

(

b) the Budget Speech has been delivered; or

(

c) a report on the financial state of the

province has been laid before the House of Assembly.

(4) Section 19.1 of the House of Assembly Act applies to the tabling of Public Accounts

under this

section as if that report were a report of an officer of the House

of Assembly.

Queen's Printer