OC2021-183
2021-07-02
Finance
Loan Act , 2021
Under the authority of the Loan Act, 2021 and sections 38 and 43 of the Financial
Administration Act, the Lieutenant-Governor in Council is pleased to:
a) move that the Lieutenant-Governor in Council raise by way of loan upon the credit
of the Province for those sums of money for the Consolidated Revenue Fund, not
to exceed an aggregate amount of $1,500,000,000 Canadian dollars, as may be
required from time to time by the Minister of Finance or the Deputy Minister of
Finance, and
b) appoint the Minister of Finance and the Deputy Minister of Finance as the agents
of the government for the purpose of negotiating borrowings not to exceed an
aggregate amoimt of 1,500,000,000 Canadian dollars on such terms and
conditions as to form, rates of interest, and terms to maturity as the Minister of
Finance or the Deputy Minister of Finance may determine.