Federal-Provincial Fiscal Arrangements Act
Marginal note:Basic Formula Financing Grant for fiscal year 2004-2005
4.8 (1) Subject to subsection (2), for the fiscal year beginning on April 1, 2004, the Minister may pay a Formula Financing Grant
(a) to Yukon, in the amount of $465,707,930;
(b) to the Northwest Territories, in the amount of $678,442,202; and
(c) to Nunavut, in the amount of $755,849,868.
(2) The amount referred to in subsection (1) in respect of a territory shall be reduced by the amount of the Formula Financing Grant paid to the territory for the fiscal year beginning on April 1, 2004 pursuant to
(a) item 15 for the Department of Finance set forth in the Main Estimates for that fiscal year, as laid before the House of Commons during the thirty-seventh Parliament and as enacted by paragraph (2)(a) of Appropriation Act No. 1, 2004-2005, chapter 8 of the Statutes of Canada, 2004; and
(b) any item for the Department of Finance set forth in the supplementary estimates for that fiscal year, as laid before the House of Commons during the thirty-eighth Parliament and as enacted by any other appropriation Act.
- 2005, c. 7, s. 1
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