First

Session, 48th General Assembly

Elizabeth II, 2016

BILL 4

AN ACT TO AMEND THE

FINANCIAL ADMINISTRATION ACT

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 to facilitate

a more efficient payment process for certain government credit cards.

The Bill would

allow payments to corporate

credit card providers without a direct charge to an available appropriation,

provided that those payments are subsequently charged to an available

appropriation in the same fiscal year; and

revise the certification

process for those payments.

A BILL

AN ACT TO AMEND THE FINANCIAL

ADMINISTRATION ACT

Analysis

S.34.1 Added

Advance re: credit card expenses

Be it enacted by the Lieutenant-Governor and

House of Assembly in Legislative Session convened, as follows:

RSNL1990 cF-8

as amended

1. The Financial

Administration Act is amended by adding immediately after

section 34 the

following:

Advance re:

credit card expenses

34.1

(1) Notwithstanding

section 30, but subject to a directive of the board, the comptroller general

may advance money to satisfy an obligation to the provider of a corporate

credit card.

(2) Notwithstanding that payment has already been

made under subsection (1),

(

a) money advanced under that subsection shall be

charged to an available appropriation in the fiscal year in which the advance

was made; and

(

b) a transaction giving rise to the obligation referred

to in that subsection shall be certified in the manner referred to in subsection

30(1) in the fiscal year in which the advance was made.

(3) An advance or portion of an advance referred

to in subsection (1) that was not properly chargeable to an available

appropriation when incurred may be recovered by the comptroller general out of

money payable to the person from whom the amount is due, subject to a directive

of the board.

(4) For the purpose of subsection (1),

(a) "corporate credit card" means a

credit card for the acquisition of goods or services on behalf of the

government limited to those goods or services determined by a directive of the

board; and

(b) "provider of a corporate credit card"

means a bank referred to in

Schedule I of the Bank Act (Canada) where that bank provides the government with

corporate credit card services under an agreement.

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