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F-4.01 - Act to establish the special local activities financing fund
Section 12
Disposition versions
12. The management of the sums paid into the fund shall be entrusted to the Minister of Finance. Such sums shall be paid to the order of the Minister of Finance and deposited with the financial institutions designated by the Minister.
The Minister shall keep the books of account of the fund and record the financial commitments chargeable to it. The Minister shall also ensure that such commitments and the payments arising therefrom do no exceed and are consistent with the available balances.
12. The management of the sums paid into the fund shall be entrusted to the Minister of Finance. Such sums shall be paid to the order of the Minister of Finance and deposited with the financial institutions designated by the Minister.
Notwithstanding section 13 of the Financial Administration Act (chapter A-6) , the Minister of Municipal Affairs and Greater Montréal shall keep the books of account for and record the financial commitments chargeable to the fund. The Minister of Municipal Affairs and Greater Montréal shall also certify that such commitments and the payments arising therefrom do not exceed and are consistent with the available balances. However, the Government may, on the conditions it determines, entrust another minister with those functions to the extent required to enable the latter to manage activities coming under that minister’s responsibility.
12. The management of the sums paid into the fund shall be entrusted to the Minister of Finance. Such sums shall be paid to the order of the Minister of Finance and deposited with the financial institutions designated by the Minister.
Notwithstanding section 13 of the Financial Administration Act (chapter A‐6) , the Minister of Municipal Affairs shall keep the books of account for and record the financial commitments chargeable to the fund. The Minister of Municipal Affairs shall also certify that such commitments and the payments arising therefrom do not exceed and are consistent with the available balances. However, the Government may, on the conditions it determines, entrust another minister with those functions to the extent required to enable the latter to manage activities coming under that minister’s responsibility.
