BILL 2

Fredericton - Moncton Highway Financing Act

Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:

1In this Act

"Fredericton - Moncton Highway'' means the highway to extend or extending for a distance of approximately one hundred and ninety-five kilometres from Jewetts Cove, located in Prince William Parish, York County, to Magnetic Hill, located in Moncton Parish, Westmorland County;

"project company'' means a project company as defined in the New Brunswick Highway Corporation Act.

2Notwithstanding anything in the Financial Administration Act, the sums required to make any payments by the Province to the New Brunswick Highway Corporation that are to be further paid by the New Brunswick Highway Corporation to a project company, as sublease payments under a concession agreement between the New Brunswick Highway Corporation and a project company respecting the Fredericton - Moncton Highway, shall be a charge on, and shall be paid out of, the Consolidated Fund and shall be statutory appropriations that are not required to be voted annually by the Legislature.


Last Modified: 11:32am , November 26, 1997