hordruma/ontario_laws_and_regs huggingface dataset:
2 (1) Subject to this Part, all public money shall be deposited to the credit of the Minister of Finance.  R.S.O. 1990, c. F.12, s. 2 (1); 1994, c. 17, s. 62 (2). Application of subs. (1.2) (1.1) Subsection (1.2) applies to every corporation, (a) that is constituted or continued by a regulation made under section 5 of the Development Corporations Act on or after the day section 1 of Schedule 12 to the Good Government Act, 2009 comes into force; and (b) that is not a development corporation.  2009, c. 34, Sched. J, s. 4 (3); 2012, c. 8, Sched. 14, s. 3. Funding of certain corporations constituted under the Development Corporations Act (1.2) The assets and revenues of a corporation to which this subsection applies, including all proceeds from borrowing but not including any transfer payments from the Crown, shall be paid into the Consolidated Revenue Fund.  2009, c. 34, Sched. J, s. 4 (3). Establishment of bank accounts (2) The Minister of Finance shall establish in the name of the Minister of Finance, and may authorize an agency of the Crown to establish in the name of the agency, accounts with any bank, trust corporation, co-operative credit society, credit union, caisse populaire, credit union central or caisse populaire central that is designated by the Minister of Finance for the deposit of public money.  1996, c. 24, s. 33 (1); 2020, c. 36, Sched. 7, s. 311. Duty of person collecting public money (3) Every person who collects or receives public money shall pay all money coming into the person’s hands to the credit of the Minister of Finance through such officers, banks or persons and in such manner as the Minister of Finance may direct, and shall keep a record of receipts and deposits thereof in such form and manner as the Minister of Finance may direct.  R.S.O. 1990, c. F.12, s. 2 (3); 1994, c. 17, s. 62 (2, 4). Exception (4) Despite subsection (3), the Minister of Finance, on any conditions he or she considers appropriate, may in writing authorize a person who receives or collects public money to retain out of such public money all or any part of any amount owed by the Crown in right of Ontario to the person and payable from the Consolidated Revenue Fund.  1996, c. 24, s. 33 (2). Same (5) An amount properly retained pursuant to an authorization under subsection (4) shall be deemed to have been received by and paid from the Consolidated Revenue Fund in respect of the person to whom the authorization under subsection (4) was given.  1996, c. 24, s. 33 (2). Section Amendments with date in force (d/m/y) 1994, c. 17, s. 62 (2, 4) - 23/06/1994; 1996, c. 24, s. 33 - 31/10/1996 2009, c. 34, Sched. J, s. 4 (3) - 15/12/2009 2012, c. 8, Sched. 14, s. 3 - 20/06/2012 2020, c. 36, Sched. 7, s. 311 - 01/03/2022
10 (1) Where money that is owing by any person to the Crown or a public entity is not paid at the time for payment provided for by law or by the agreement, undertaking or arrangement under which the obligation to pay arose, the Crown or the public entity to whom the payment is owed may require the payment of interest or penalty on any such unpaid amount in accordance with this section, and such interest or penalty so required to be paid is a debt due to the Crown recoverable by action or by any other remedy or procedure available by law to the Crown for the collection of debts owed to the Crown.  R.S.O. 1990, c. F.12, s. 10 (1); 2010, c. 1, Sched. 7, s. 10 (1). Exception (2) This section does not apply to a default in payment under a statute or regulation that expressly provides for interest or penalty on such default, and does not apply to any agreement, undertaking or arrangement that expressly provides for interest or penalty payable on overdue payments, but the fact that a statute makes a default in the payment of money owing under it to the Crown or a public entity an offence does not prevent the imposition of interest or a penalty under this section in respect of money owing under that statute.  R.S.O. 1990, c. F.12, s. 10 (2); 2010, c. 1, Sched. 7, s. 10 (2). Statement of policy (3) The Minister of Finance may issue general instructions establishing a policy to govern when, at what rate, in what amount, and in what circumstances the payment of interest or penalty may be required under subsection (1).  R.S.O. 1990, c. F.12, s. 10 (3); 1994, c. 17, s. 62 (2). Amount of interest or penalty (4) The Lieutenant Governor in Council may by order fix a maximum rate of interest or penalty for the purpose of this section either by specifying the rate or, in lieu of a specified rate, by specifying a formula or basis for determining from time to time the rate of interest or penalty payable under this section, and may establish the method and conditions for calculating and charging any such interest or penalty, and may provide for different penalties or rates of interest to be applicable to different classes of payment or to different amounts of payment in default.  R.S.O. 1990, c. F.12, s. 10 (4). Reduction (5) The Minister of Finance may, in his or her discretion, authorize the forgiveness or noncollection of interest or penalty payable under this section, and may authorize the charging of a lower rate of interest or amount of penalty than the maximum under this section where the Minister of Finance considers that financial hardship, economic considerations or other circumstances warrant such authorization.  R.S.O. 1990, c. F.12, s. 10 (5); 1994, c. 17, s. 62 (2). Application (6) This section applies to the payment of interest or penalty on any amount owing to the Crown or a public entity on or after the 1st day of April, 1984 whether the obligation to pay such amount arose before or after that date.  R.S.O. 1990, c. F.12, s. 10 (6); 2010, c. 1, Sched. 7, s. 10 (3). Section Amendments with date in force (d/m/y) 1994, c. 17, s. 62 (2) - 23/06/1994 2010, c. 1, Sched. 7, s. 10 (1-3) - 1/04/2010