Royal Canadian Mint Act (R.S.C., 1985, c. R-9)

Act current to 2015-06-09 and last amended on 2014-12-16. Previous Versions

BY-LAWS

Marginal note:By-laws

 The Board may make by-laws respecting

  • (a) the duties and conduct of officers, agents and employees of the Mint;

  • (b) the conditions of employment and the fixing of the remuneration of officers, agents and employees of the Mint;

  • (c) the time and place for the holding of meetings of the Board, the quorum at those meetings and the procedure in all business at those meetings; and

  • (d) generally the conduct and management of the affairs of the Mint.

  • R.S., c. R-8, s. 14;
  • 1984, c. 31, s. 14.

FINANCIAL

Marginal note:Borrowing power
  •  (1) The Mint may, for the attainment of its objects, borrow money from the Consolidated Revenue Fund or any other source, but the total amount outstanding at any time may not exceed 75 million dollars or such greater amount as may be specified in an appropriation Act.

  • Marginal note:Government loans

    (2) The Minister of Finance may lend money to the Mint from the Consolidated Revenue Fund.

  • Marginal note:Conditions of borrowing

    (3) The Mint shall not enter into any particular transaction to borrow money pursuant to subsection (1) without the approval of the Minister of Finance with respect to the time and the terms and conditions of the transaction.

  • R.S., 1985, c. R-9, s. 20;
  • R.S., 1985, c. 35 (3rd Supp.), s. 14;
  • 1999, c. 4, s. 7.

 [Repealed, R.S., 1985, c. 35 (3rd Supp.), s. 14]

Marginal note:Auditor
  •  (1) The Auditor General of Canada is the auditor of the Mint.

  • Marginal note:Inspection of stores and metals

    (2) The Auditor General of Canada shall inspect the inventories of stores and metals of the Mint at least once in each year.

  • R.S., c. R-8, s. 24;
  • 1976-77, c. 34, s. 30(F);
  • 1984, c. 31, s. 14.