Orders in Council Database

Under the authority of sections 42 and 43 of the Financial Administration Act, the Lieutenant-Governor in Council is hereby moved to:

a) raise by way of loan upon the credit of the Province, a sum not to exceed $900 million, required to repay, renew or refund securities issued under the authority of the Financial Administration Act or another Act, payments into the Government Sinking Fund, and payment of unfunded pension liabilities, as may be required from time to time by the Minister of Finance or the Deputy Minister of Finance; and

b) appoint the Minister and Deputy Minister of Finance as the agent of the government for the purpose of negotiating borrowings 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.