BILL 25 - An Act to Amend the Financial Administration Act

BILL 25

An Act to Amend the Financial Administration Act

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

1 Subsection 38(3) of the Financial Administration Act, chapter F-11 of the Revised Statutes, 1973, is repealed and the following is substituted:

38(3) The Minister of a department or any person designated by such Minister shall ensure that all contracts under the administration and control of such Minister and involving the payment of public money are retained.

EXPLANATORY NOTE

Section 1

The existing provision is as follows:

38(3) Every contract involving the payment of public money is to be submitted to the Comptroller when made.