jswizzle3737/ontario_laws_and_regs huggingface dataset:
Definitions
 1. (1) In this Act, “designated tax statute” means any of the following statutes: 1.  Corporations Tax Act. 2.  Education Act. 3.  Employer Health Tax Act. 4.  Fuel Tax Act. 5.  Gasoline Tax Act. 6.  Income Tax Act. 7.  Provincial Land Tax Act. 8.  Retail
Sales Tax Act; (“loi fiscale désignée”) “expenditures” means, for a fiscal year of the Province, the expenditures shown in the financial statements for the Province as set out in the Public Accounts for the year; (“dépenses”) “revenues” means, for a fiscal year of the Province, the revenues shown in the financial statements for the Province as set out in the Public Accounts for the year. (“recettes”)  1999, c. 7, Sched. B, s. 1 (1); 2004, c. 16, Sched. D, Table. Deficit (2) For the purposes of this Act, the Province has a deficit in a fiscal year if “A” is greater than “B”, where, “A” is the amount of the expenditures for the year less the sum of, (a) any expenditure described in paragraph 1 or 2 of subsection 2 (2) in the year, and (b) the amount, if any, by which the revenues in the year have declined since the previous fiscal year for a reason other than a reduction in a tax rate under a designated tax statute, if the decline is at least 5 per cent of the previous year’s revenues, and “B” is the sum of the revenues and the accumulated net surplus, if any, for the year.  1999, c. 7, Sched. B, s. 1 (2). Accumulated net surplus (3) The amount of the accumulated net surplus for a fiscal year is the amount by which the sum of the revenues for the previous three fiscal years exceeds the sum of the expenditures for the previous three fiscal years.  1999, c. 7, Sched. B, s. 1 (3). Same, 2001-2 fiscal year (4) Despite subsection (3), the amount of the accumulated net surplus for the fiscal year beginning on April 1, 2001 is the amount by which the revenues for the previous fiscal year exceeds the expenditures for the previous fiscal year.  1999, c. 7, Sched. B, s. 1 (4). Same, 2002-3 fiscal year (5) Despite subsection (3), the amount of the accumulated net surplus for the fiscal year beginning on April 1, 2002 is the amount by which the sum of the revenues for the previous two fiscal years exceeds the sum of the expenditures for the previous two fiscal years.  1999, c. 7, Sched. B, s. 1 (5). Balanced Budget
Requirement for balanced budget
 2. (1) For each fiscal year beginning on or after April 1, 2001, the Executive Council shall plan for a balanced budget (in which the expenditures of the Province for a fiscal year do not exceed the sum of the revenues and the accumulated net surplus for the year) and the Minister of Finance shall present a balanced budget.  1999, c. 7, Sched. B, s. 2 (1). Exceptions (2) The expenditures may exceed the level described in subsection (1) to the extent that, in the opinion of the Minister of Finance, one or more of the following occurs: 1. An expenditure is required in the fiscal year because of a natural or other disaster in Ontario that could not have been anticipated and that affects the Province or a region of the Province in a manner that is of urgent public concern. 2. An expenditure is required in the fiscal year because Canada is at war or is under apprehension of war. 3. Revenues have declined since the previous fiscal year, for a reason other than a reduction in a tax rate under a designated tax statute.  However, this paragraph applies only if the decline is at least 5 per cent of the previous year’s revenues.  1999, c. 7, Sched. B, s. 2 (2). Public notice (3) If, in the opinion of the Minister of Finance, there is an occurrence described in subsection (2) in a fiscal year, the Minister shall prepare a statement to that effect and shall lay the statement before the Assembly not later than 30 days after the Public Accounts for the year are given to the Clerk of the Assembly or laid before the Assembly, whichever occurs first.  1999, c. 7, Sched. B, s. 2 (3). Change in accounting policies (4) A change in the accounting policies or practices governing the Public Accounts that is adopted after the beginning of a fiscal year shall not be considered in determining whether any deficit exists in that fiscal year.  1999, c. 7, Sched. B, s. 2 (4).
Definition
 4. Omitted (enacts short title of this Act).  1999, c. 7, Sched. B, s. 4.. ______________  Français