Financial advisory board
13. (1)There shall be a financial advisory board consisting of one or more members appointed by the Lieutenant Governor in Council; the Lieutenant Governor in Council may designate one of the members as chair. 1997, c. 2, s. 13 (1). Body corporate (2)The financial advisory board is a body corporate. 1997, c. 2, s. 13 (2). Remuneration and expenses (3)The members of the financial advisory board shall be paid the remuneration fixed by the Lieutenant Governor in Council and the reasonable expenses incurred in the course of their duties under this Act. 1997, c. 2, s. 13 (3). Duties (4)The financial advisory board shall, (a) consider 1997 operating and capital budgets under section 15; (b) consider requests for approval under section 14 and grant them when the board considers it appropriate; (c) report to the Minister at his or her request; (d) co-operate with the transition team; (e) carry out any other prescribed duties. 1997, c. 2, s. 13 (4). Guidelines (5)The financial advisory board, (a) shall establish and publish guidelines with respect to, (i) payments and agreements to make payments in connection with the ending of an employment relationship, as referred to in paragraph 5 of subsection 14 (2), and (ii) appointments, hiring and promotion, as referred to in paragraph 6 of that subsection; and (b) may establish and publish guidelines with respect to matters referred to in paragraphs 1 to 4 of subsection 14 (2). 1997, c. 2, s. 13 (5). Same (6)The guidelines do not apply to the new city or to its local boards. 1997, c. 2, s. 13 (6). Co-operation, access to information (7)The members of each old council, the employees and agents of the old municipality and the members, employees and agents of each local board of an old municipality shall, (a) co-operate with the members, employees and agents of the financial advisory board, assist them in the performance of their duties and comply with their requests under this Act; (b) on request, allow any person described in clause (a) to examine and copy any document, record or other information in the possession of the old municipality or local board, as the case may be, that is relevant to the functions of the financial advisory board. 1997, c. 2, s. 13 (7). Powers (8)Without limiting the generality of subsection (7), the financial advisory board has power to, (a) require an old council or a local board of an old municipality to, (i) furnish information, records or documents that are in its possession and are relevant to the functions of the financial advisory board, (ii) create a new document or record that is relevant to the functions of the financial advisory board by compiling existing information, and furnish the document or record, and (iii) update earlier information furnished under this subsection; and (b) impose a deadline for compliance with a requirement under clause (a). 1997, c. 2, s. 13 (8). Delegation (9)The financial advisory board may authorize one or more of its members to act on its behalf. 1997, c. 2, s. 13 (9). Staff, facilities and services (10)The financial advisory board may hire staff, arrange for facilities and obtain expert services as it considers necessary to perform its functions. 1997, c. 2, s. 13 (10). Dissolution of board (11)The financial advisory board is dissolved on January 31, 1998. 1997, c. 2, s. 13 (11).