Financial Administration Act

Marginal note:Re-financing

46.1 In any fiscal year, the Governor in Council may authorize the Minister to borrow money

• (a) to pay any amount that is required to be paid in that fiscal year in respect of any money borrowed under the authority of this Act, other than section 47, or any other Act of Parliament; or

• (b) to extinguish or reduce any liability of Canada that the Minister is of the opinion should be extinguished or reduced.