Salary reduction for Executive Council
 3. (1) This section applies if the Province has a deficit.  1999, c. 7, Sched. B, s. 3 (1). Immediate salary reduction (2) The salary of each member of the Executive Council shall be reduced in accordance with subsection (3) if the deficit for a fiscal year (the “first year”) is greater than 1 per cent of the revenues for the year, and if there was no deficit in the preceding fiscal year.  1999, c. 7, Sched. B, s. 3 (2). Same, amount and duration (3) In the circumstances described in subsection (2), the salary is reduced by 25 per cent for a period of 12 months beginning on the thirty-first day after the Public Accounts that show the deficit for the first year are given to the Clerk of the Assembly or laid before the Assembly, whichever occurs first.  1999, c. 7, Sched. B, s. 3 (3). Delayed salary reduction (4) The salary of each member of the Executive Council shall be reduced in accordance with subsection (5), (a) if the deficit for a fiscal year (the “first year”) is less than or equal to 1 per cent of the revenues for the year, and if there was no deficit in the fiscal year preceding the first year; and (b) if, in the following fiscal year (the “second year”), there is no deficit but the revenues do not exceed the expenditures by at least the amount of the deficit in the first year.  1999, c. 7, Sched. B, s. 3 (4). Same, amount and duration (5) In the circumstances described in subsection (4), the salary is reduced by 25 per cent for a period of 12 months beginning on the thirty-first day after the Public Accounts for the second year are given to the Clerk of the Assembly or laid before the Assembly, whichever occurs first.  1999, c. 7, Sched. B, s. 3 (5). Reduction for further deficit (6) In either of the following circumstances, the salary of each member of the Executive Council shall be reduced by 50 per cent for the period specified in subsection (7): 1. If there is a deficit in the fiscal year (the “second year”) following the first year described in subsection (2). 2. If there is a deficit in the second year described in subsection (4).  1999, c. 7, Sched. B, s. 3 (6). Same, duration (7) The salary is reduced for a period of 12 months beginning on the thirty-first day after the Public Accounts for the second year are given to the Clerk of the Assembly or laid before the Assembly, whichever occurs first.  1999, c. 7, Sched. B, s. 3 (7). Same (8) Subsection (7) applies, with necessary modifications, with respect to each consecutive fiscal year in which there is a deficit after the second year.  1999, c. 7, Sched. B, s. 3 (8). Exception, change in government (9) If the party that forms the government is replaced, the fiscal year in which the new government takes office shall be deemed, for the purposes of this section, to be a year in which there is no deficit.  Subsection (4) does not apply until the following fiscal year.  1999, c. 7, Sched. B, s. 3 (9). Ontario Opportunities Fund (10) The Minister of Finance shall pay into the Ontario Opportunities Fund (established under the Financial Administration Act) an amount equal to the salary reductions required by this section.  1999, c. 7, Sched. B, s. 3 (10). Definition (11) In this section, “salary” means the salary payable to a member of the Executive Council under section 3 of the Executive Council Act.  1999, c. 7, Sched. B, s. 3 (11). 4. Omitted (enacts short title of this Act).  1999, c. 7, Sched. B, s. 4.. ______________  Français