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Yukon Act

Version of section 23 from 2002-12-31 to 2013-03-07:


Marginal note:Borrowing and lending

  •  (1) The Legislature may make laws

    • (a) for the borrowing of money by the Commissioner on behalf of Yukon for territorial, municipal or local purposes;

    • (b) for the lending of money by the Commissioner to any person in Yukon; and

    • (c) for the investing by the Commissioner of surplus money standing to the credit of the Yukon Consolidated Revenue Fund.

  • Marginal note:Restriction

    (2) No money may be borrowed under a law made under paragraph (1)(a) without the approval of the Governor in Council.

  • Marginal note:Charge on Yukon C.R.F.

    (3) The repayment of money borrowed under a law made under paragraph (1)(a), and the payment of interest on that money, is a charge on and payable out of the Yukon Consolidated Revenue Fund.

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