Revolving Funds Act

Marginal note:Definitions

• 5.1 (1) The definitions in this subsection apply in this section.

  administration

  gestion

  administration has the same meaning as in section 2 of the Federal Real Property and Federal Immovables Act. (gestion)

  federal immovable

  immeuble fédéral

  federal immovable has the same meaning as in section 2 of the Federal Real Property and Federal Immovables Act, except that it does not include a lease of an immovable. (immeuble fédéral)

  federal real property

  bien réel fédéral

  federal real property has the same meaning as in section 2 of the Federal Real Property and Federal Immovables Act, except that it does not include a lease of real property. (bien réel fédéral)

• Marginal note:Expenditures out of C.R.F.

  (2) The Minister of Public Works and Government Services may make expenditures out of the Consolidated Revenue Fund for the purpose of

  • (a) the sale, or the preparation for sale, of federal real property and federal immovables;

  • (b) the transfer, or the preparation for transfer, of the administration of federal real property or a federal immovable from one minister to another; or

  • (c) the transfer, or the preparation for transfer, of the administration and control of federal real property and federal immovables to Her Majesty in any right other than of Canada.

• Marginal note:Limit on expenditures

  (3) The Minister may spend, for the purposes mentioned in subsection (2), any revenues received in respect of those purposes and, subject to any terms and conditions that the Treasury Board may approve with the concurrence of the Minister of Finance, any proceeds from the sale or transfer of federal real property and federal immovables.

• Marginal note:Limit on expenditures

  (4) The aggregate of expenditures made under subsection (2) shall not at any time exceed by more than five million dollars the revenues received and the proceeds of sale or transfer of federal real property and federal immovables received in respect of the purposes mentioned in that subsection.