Federal-Provincial Fiscal Arrangements Regulations, 2007
Version of section 31 from 2007-12-13 to 2013-12-05:
31 If the Minister determines that a territorial formula financing payment is to be made under the Act to a territory for a fiscal year, other than a payment under subsection 4.1(2) of the Act, the Minister shall
(a) on the first working day in each of the first two months of the fiscal year, pay the territory 16% of the payment; and
(b) on the first working day of each following month, pay the territory 10% of the remaining amount of the payment.
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