Supplementary Fiscal Equalization Payments 1982-87 Act (S.C. 1985, c. 29)

Short Title

Marginal note:Short title

1 This Act may be cited as the Supplementary Fiscal Equalization Payments 1982-87 Act.

Supplementary Payments

Marginal note:Payments authorized

2 In addition to the fiscal equalization payment amounts payable for the period April 1, 1982 to March 31, 1987 to each province entitled to a fiscal equalization payment under Part I of the Federal-Provincial Fiscal Arrangements and Federal Post-Secondary Education and Health Contributions Act, 1977, the Minister of Finance shall pay to each such province as a supplementary fiscal equalization payment, the following amounts:

• (a) in respect of the fiscal year commencing on April 1, 1985,

  • (i) one hundred and ten million dollars to the Province of Quebec,

  • (ii) fifty million dollars to the Province of Manitoba,

  • (iii) twenty million dollars to the Province of Nova Scotia,

  • (iv) twenty million dollars to the Province of New Brunswick,

  • (v) fifteen million dollars to the Province of Newfoundland, and

  • (vi) five million dollars to the Province of Prince Edward Island; and

• (b) in respect of the fiscal year commencing on April 1, 1986, sixty-five million dollars to the Province of Manitoba.

Marginal note:Payments out of C.R.F.

3 The amounts authorized to be paid by section 2 shall be paid out of the Consolidated Revenue Fund

• (a) in respect of the fiscal year commencing on April 1, 1985, within thirty days after the coming into force of this Act; and

• (b) in respect of the fiscal year commencing on April 1, 1986, within thirty days after the commencement of that year.