13.2. Not later than 30 June each year, every permit holder that receives a grant under this Act shall submit a financial report for the preceding fiscal year to the Minister. In the case of a municipality, the report must be submitted not later than 31 March each year and, in the case of a school board, not later than 30 September each year.
The financial report must be audited if the permit holder received from the Minister, during the preceding fiscal year, one or more grants totalling $25,000 or more.
The first and second paragraphs also apply to a person that has ceased to operate or whose permit has been revoked or has not been renewed. The person must, in addition, submit a financial report to the Minister covering the period, if any, extending from the beginning of the following fiscal year to the date of cessation of operations or the date of expiry of the permit ; the second paragraph applies to such a report and the report must be submitted not later than three months after cessation of operations or notification of the Minister’s decision to revoke or not renew the permit.
The Government may, by regulation, determine the form of the report and the information it must contain.
1996, c. 16, s. 14; 1997, c. 58, s. 87; 2002, c. 17, s. 5.