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E-12.0001 - Act to provide for balanced budgets in the public health and social services network
Section 10
Disposition versions
10. The executive director of a public institution shall, if the executive director is of the opinion that budgetary balance is at risk during a fiscal year, inform the board of directors of the institution of that fact without delay.
As soon as the board of directors ascertains that it will not be possible to maintain budgetary balance, the board shall amend the institution’s operating budget to post any anticipated deficit as an expenditure and shall inform the agency and the Minister. A recovery plan must also be prepared and submitted for approval to the Minister who may approve it with or without amendment.
10. The executive director of a public institution shall, if the executive director is of the opinion that budgetary balance is at risk during a fiscal year, inform the board of directors of the institution of that fact without delay.
As soon as the board of directors ascertains that it will not be possible to maintain budgetary balance, the board shall amend the institution’s operating budget to post any anticipated deficit as an expenditure and shall inform the regional board and the Minister. A recovery plan must also be prepared and submitted for approval to the Minister who may approve it with or without amendment.
