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Borrowing Authority Act

Version of section 8 from 2017-11-23 to 2020-03-24:


Marginal note:Report to Parliament

  •  (1) The Minister must cause to be tabled in each House of Parliament within three years after the day on which this section comes into force — or, if the House is not sitting on the last day of that three-year period, during the next 30 days that it is sitting — a report indicating

    • (a) the total amount of borrowed money referred to in each of paragraphs 4(a) to (c);

    • (b) the total amount of money borrowed under orders made under each of paragraphs 46.1(a) to (c) of the Financial Administration Act; and

    • (c) the Minister’s assessment of whether the maximum amount referred to in section 4 of this Act should be increased or decreased.

  • Marginal note:Subsequent triennial reports

    (2) The Minister must cause to be tabled in each House of Parliament, on or before the May 31 that follows the end of the third fiscal year after the fiscal year during which a report was previously tabled under this section — or, if the House is not sitting on that May 31, during the next 30 days that it is sitting — a report indicating the matters set out in paragraphs (1)(a) to (c).

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