This is an official version. Copyright © 2005: Queen's Printer, Important Information
Statutes of Newfoundland and Labrador 2005 AN ACT TO AMEND THE FINANCIAL ADMINISTRATION ACT (Assented to Analysis 1.
S.42 Amdt. Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: RSNL1990 cF-8 1. Subsection 42(1) of the Financial Administration Act is repealed and the following substituted: Repayment of loans by new issues 42. (1) The
Lieutenant-Governor in Council may raise, by way of loan in the manner prescribed
in subsection 38(1), the sum of money required to repay, renew or refund, in
whole or in part, securities issued under the authority of this or another Act,
including the sum of money required to make payments into the Newfoundland and
Labrador Government Sinking Fund or another sinking fund established for the retirement
or repayment, in whole or in part, of securities issued under this Act or
another Act, whether or not the raising of the loan may have the effect of
increasing the amount of the public debt or of extending the term of years
prescribed in the Act authorizing the issue of the securities proposed to be
repaid, renewed or refunded. ©Earl G. Tucker, Queen's Printer |