1.1. The only part of a subsidy referred to in section 1 or of another multi-year transfer that may be recorded in the accounts for a given fiscal year of a public body or municipal body receiving the subsidy is the part that is both payable during the given fiscal year and authorized by Parliament for the Government’s fiscal year.
The expressions “multi-year transfer” and “authorized by Parliament” have the meaning assigned to them by section 24.1 of the Financial Administration Act (chapter A-6.001).