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Financial Administration Act

Version of section 47 from 2020-03-25 to 2020-07-28:


Marginal note:Exception

 During the period beginning on the day on which this section comes into force and ending on September 30, 2020, the Minister may borrow money for

  • (a) the payment of any amount that is required to be paid in that period in respect of any money borrowed under the authority of this Act or any other Act of Parliament; or

  • (b) the payment, by Her Majesty, of any amount in extraordinary circumstances, including in the event of a natural disaster or to promote the stability or maintain the efficiency of the financial system in Canada, if the Minister is of the opinion that the borrowing of money is necessary in those circumstances.

  • R.S., 1985, c. F-11, s. 47
  • 2007, c. 29, s. 86
  • 2020, c. 5, s. 24
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