BILL NO. 114
1st Session, 57th General Assembly
Nova Scotia
47-48 Elizabeth II, 1998-99
Provincial Finance Act
(amended)
Howard Epstein
Halifax Chebucto
First Reading: June 7, 1999
Second Reading:
Third Reading:
Explanatory Note
This Bill prohibits the forgiving of a debt due to the Province in the form of a loan without the approval of the House of Assembly.
An Act to Amend Chapter 365
of the Revised Statutes, 1989,
the Provincial Finance Act,
to Restrict the Forgiveness of Debts
Due to the Province of Nova Scotia
Be it enacted by the Governor and Assembly as follows:
1 Chapter 365 of the Revised Statutes, 1989, the Provincial Finance Act, is amended by adding immediately after Section 19B the following Section:
19C Notwithstanding any other enactment, a debt due the Province in the form of a loan may only be forgiven after a resolution has been passed by the House of Assembly authorizing the forgiving of the debt or, where the forgiving of the debt is subject to terms and conditions, authorizing the terms and conditions.
This page and its contents published by the Office of the Legislative Counsel, Nova Scotia House of Assembly, and © 1999 Crown in right of Nova Scotia. Created June 7, 1999. Send comments to legc.office@gov.ns.ca.
