Seized Property Management Act

Marginal note:Credit of excess to account

16 At the prescribed times, all amounts credited to the Proceeds Account that are not shared pursuant to sections 10 and 11, less such amounts as are reserved

• (a) for future losses,

• (b) to pay claims arising from undertakings given by the Attorney General under subsections 462.32(6), 462.321(7) and 462.33(7) of the Criminal Code, and

• (c) for ongoing expenses,

shall be credited to such account in the accounts of Canada as is prescribed.