Text Size

Orders in Council Database

Order Details

Order Number:

OC2021-183

Order Date:

2021-07-02

Department:

Finance

Authority:

Loan Act , 2021

Order Text:

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.

Back to Search Results

 
Last Updated:
This page and all contents are copyright, Government of Newfoundland and Labrador, all rights reserved.