Financial Administration Act

Version of section 47 from 2003-01-01 to 2007-10-25:

Marginal note:Temporary loans

 Where it appears to the Governor in Council that the Consolidated Revenue Fund will be insufficient to meet the disbursements lawfully authorized to be made from it, the Governor in Council may authorize the Minister to borrow, for a period not exceeding six months, an amount not exceeding such amount as the Governor in Council deems necessary to ensure that the Consolidated Revenue Fund will be sufficient to meet those disbursements.

  • R.S., c. F-10, s. 39;
  • 1980-81-82-83, c. 170, s. 12.
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