F-2 - Act to govern the financing of political parties

Section 99 Disposition versions

1982-06-30

99. (1)  Chapter I of this act does not apply to electoral funds which, on 1 April 1978, are in the possession of political parties existing on that date, or of their authorized agents.

(2)  Such funds must be turned over, within ninety days after 1 April 1978, to the official representatives of the political parties concerned, who shall deposit them in separate accounts in financial institutions contemplated in section 73.

(3)  The first return that must be submitted by the official representative of the party concerned under section 85 is not deemed validly submitted unless it indicates:

(a)  the total amount of the funds and assets in the possession of the party on the date mentioned in subsection 1;

(b)  the financial institutions where such funds are deposited and the account numbers used.

(4)  Only the interest accruing to such funds may be added to them.

(5)  (Subsection repealed).

(6)  The funds in the possession of district associations and the various authorities of the political parties on the date mentioned in subsection 1 must be set out in statement and turned over, within the delay mentioned in subsection 2, to the official representatives of the associations or authorities concerned.

1977, c. 11, s. 99; 1982, c. 31, s. 31.

1978-04-01

99. (1)  Chapter 1 of this act does not apply to electoral funds which, on 1 April 1978, are in the possession of political parties existing on that date, or of their authorized agents.

(2)  Such funds must be turned over, within ninety days after 1 April 1978, to the official representatives of the political parties concerned, who shall deposit them in separate accounts in financial institutions contemplated in section 73.

(3)  The first return that must be submitted by the official representative of the party concerned under section 85 is not deemed validly submitted unless it indicates:

(a)  the total amount of the funds and assets in the possession of the party on the date mentioned in subsection 1;

(b)  the financial institutions where such funds are deposited and the account numbers used.

(4)  Only the interest accruing to such funds may be added to them.

(5)  No return, subsequent to the first, that must be submitted by the official representative of the party concerned is deemed validly submitted unless it indicates:

(a)  the amount of funds added under subsection 4;

(b)  the total amount of every expenditure made by the party out of such funds for the period covered by the return;

(c)  the state of the funds on the date of the return;

(d)  the changes in the assets.

(6)  The funds in the possession of district associations and the various authorities of the political parties on the date mentioned in subsection 1 must be set out in statement and turned over, within the delay mentioned in subsection 2, to the official representatives of the associations or authorities concerned.

1977, c. 11, s. 99.