A-6 - Financial Administration Act

Section 36 Disposition versions

2002-03-01

36. (Replaced).

1970, c. 17, s. 36; 1990, c. 66, s. 1; 1993, c. 73, s. 1; 2000, c. 15, s. 166.

1993-12-17

36. The Minister may invest on short term any portion of the consolidated revenue fund not required for expenditure

(a)  in securities issued or guaranteed by the government of Canada, of Québec or of another Canadian province;

(b)  in securities issued by any body referred to in section 69.6;

(c)  in securities issued by any municipality of Québec;

(d)  by way of a deposit with any financial institution designated by the Government or in certificates, promissory notes or other short-term securities or papers issued or guaranteed by any such financial institution.

The Minister may also invest on long term, by way of a deposit with the Caisse de dépôt et placement du Québec, a part of the consolidated revenue fund up to an amount equal to the sums entered in the non-budgetary pension plans account appearing in the financial statements of the Government in order to constitute a sinking fund to provide for the payment of all or part of the benefits under such pension plans. Benefits paid out of the consolidated revenue fund may be reimbursed with sums taken out of the sinking fund. The Caisse de dépôt et placement du Québec shall administer such sums in accordance with the investment policy determined by the Minister.

He may subsequently dispose of such investments upon such terms and for such amounts as he considers the most advantageous.

1970, c. 17, s. 36; 1990, c. 66, s. 1; 1993, c. 73, s. 1.

1990-12-20

36. The Minister may invest on short term any portion of the consolidated revenue fund not required for expenditure

(a)  in securities issued or guaranteed by the government of Canada, of Québec or of another Canadian province;

(b)  in securities issued by any body referred to in section 69.6;

(c)  in securities issued by any municipality of Québec;

(d)  by way of a deposit with any financial institution designated by the Government or in certificates, promissory notes or other short-term securities or papers issued or guaranteed by any such financial institution.

He may subsequently dispose of such investments upon such terms and for such amounts as he considers the most advantageous.

1970, c. 17, s. 36; 1990, c. 66, s. 1.

1977-12-31

36. The Minister may invest on short term any portion of the consolidated revenue fund not required for expenditure by the purchase of securities issued or guaranteed by the government of Canada, of Québec or of another Canadian province or by deposit with financial institutions approved by the Government.

He may subsequently dispose of such investments upon such terms and for such amounts as he considers the most advantageous.

1970, c. 17, s. 36.