jswizzle3737/ontario_laws_and_regs huggingface dataset:
11.8 (1) This section applies with respect to amounts in satisfaction of environmental remediation liabilities incurred by a ministry or specified public entity before April 1, 2015, if, (a) the remediation is required to comply with Ontario’s or the Government of Canada’s environmental standards legislation; and (b) payment of the amount is not otherwise authorized by an Act of the Legislature. 2015, c. 20, Sched. 11, s. 9. Appropriation (2) Amounts in satisfaction of the environmental remediation liabilities described in subsection (1) are a charge upon and payable out of the Consolidated Revenue Fund during a fiscal year that begins on or after April 1, 2015. 2015, c. 20, Sched. 11, s. 9. Restriction (3) However, the aggregate amount authorized by subsection (2) for a ministry or specified public entity shall not exceed the aggregate amount of environmental remediation liabilities of that ministry or specified public entity at March 31, 2015 arising under Ontario’s or the Government of Canada’s environmental standards legislation, as stated in the Public Accounts for Ontario for the fiscal year ending March 31, 2015, or in financial information supplementary thereto, the payment of which is not otherwise authorized by an Act of the Legislature. 2015, c. 20, Sched. 11, s. 9. (4) Repealed: 2020, c. 36, Sched. 13, s. 5. Transition (5) If an amount in satisfaction of a liability described in subsection (1) is charged to an appropriation on or after April 1, 2015 and before the day on which the Building Ontario Up Act (Budget Measures), 2015 receives Royal Assent, the amount is deemed, as of the day on which it was charged, not to have been charged to that appropriation but to have been charged instead to the appropriation provided by subsection (2). 2015, c. 20, Sched. 11, s. 9. Same (6) If a liability described in subsection (1) was recognized in the financial accounts before the day on which the Building Ontario Up Act (Budget Measures), 2015 receives Royal Assent, but was not charged to an appropriation, the appropriation provided by subsection (2) is deemed for accounting purposes to have been available when the liability was recognized. 2015, c. 20, Sched. 11, s. 9. Section Amendments with date in force (d/m/y) 2004, c. 31, Sched. 13, s. 3 - 1/04/2004 2015, c. 20, Sched. 11, s. 9 - 4/06/2015 2020, c. 36, Sched. 13, s. 5 - 08/12/2020
11.9 (1) In this section, “corresponding recognition date” means a prescribed date on which, for the first time, ministries and specified public entities recognize a newly recognized liability as a result of a change in the relevant accounting standards; (“date de comptabilisation correspondante”) “newly recognized liability” means a prescribed liability that, prior to the corresponding recognition date, ministries and specified public entities did not recognize under the relevant accounting standards; (“dette nouvellement comptabilisée”) “relevant accounting standards” means the accounting standards referred to in the opinion the Auditor General provides under subsection 12 (3) of the Auditor General Act. (“normes comptables pertinentes”) 2020, c. 36, Sched. 13, s. 6. Application (2) This section applies with respect to amounts in satisfaction of a newly recognized liability that were incurred by a ministry or specified public entity during a fiscal year that ended before the corresponding recognition date, if payment of the amounts is not otherwise authorized by an Act of the Legislature. 2020, c. 36, Sched. 13, s. 6. Appropriation (3) Amounts in satisfaction of a newly recognized liability described in subsection (2) are a charge upon and payable out of the Consolidated Revenue Fund during a fiscal year that begins on or after the corresponding recognition date for the liability. 2020, c. 36, Sched. 13, s. 6. Restriction (4) However, the aggregate amount authorized by subsection (3) in respect of newly recognized liabilities of a ministry or specified public entity shall not exceed the aggregate amount of those liabilities at the beginning of the fiscal year commencing on the corresponding recognition date, as stated in the Public Accounts of Ontario, the payment of which is not otherwise authorized by an Act of the Legislature. 2020, c. 36, Sched. 13, s. 6. Section Amendments with date in force (d/m/y) 2004, c. 31, Sched. 13, s. 3 - 1/04/2004 2009, c. 18, Sched. 12, s. 5 - 1/04/2009; 2009, c. 34, Sched. J, s. 14 - 15/12/2009 2020, c. 36, Sched. 13, s. 6 - 08/12/2020
12 Any amount required to be paid by or on behalf of the Crown by the terms of a guarantee or indemnity given pursuant to this or any other Act may be paid by the Minister of Finance from the Consolidated Revenue Fund.  1996, c. 29, s. 2. Section Amendments with date in force (d/m/y) 1996, c. 29, s. 2 - 9/12/1996
13 If any public money is appropriated by an Act for any purpose or is directed by the judgment of a court or the award of arbitrators or other lawful authority to be paid by the Crown or the Lieutenant Governor and no other provision is made respecting it, such money is payable under warrant of the Lieutenant Governor, directed to the Minister of Finance, out of the Consolidated Revenue Fund, and all persons entrusted with the expenditure of any such money or a part thereof shall account for it in such manner and form, with such vouchers, at such periods and to such officer as the Minister of Finance may direct.  R.S.O. 1990, c. F.12, s. 13; 1994, c. 17, s. 62 (2). Section Amendments with date in force (d/m/y) 1994, c. 17, s. 62 (2) - 23/06/1994 14 Repealed:  2009, c. 34, Sched. J, s. 15. Section Amendments with date in force (d/m/y) 1994, c. 17, s. 62 (2) - 23/06/1994 2002, c. 8, Sched. B, s. 3 - 27/06/2002 2009, c. 34, Sched. J, s. 15 - 15/12/2009
14.1 (1) On the application of a minister, the Minister of Finance may authorize an advance out of the Consolidated Revenue Fund for the purpose of incurring expenditures authorized by an appropriation, if it is impracticable to incur such expenditures in accordance with section 11.  2002, c. 8, Sched. B, s. 4. Accountability for advance (2) A minister who receives an advance under subsection (1) is accountable to the Minister of Finance for the amount of the advance.  2002, c. 8, Sched. B, s. 4. Duty to repay or account for advance (3) If the Minister of Finance does not receive an accounting or repayment of an  advance made under subsection (1) by the end of the fiscal year in which the advance is made, the advance shall be repaid or accounted for before the books of the Government of Ontario for that fiscal year are closed.  2002, c. 8, Sched. B, s. 4. (4) Repealed:  2009, c. 34, Sched. J, s. 16. Section Amendments with date in force (d/m/y) 2002, c. 8, Sched. B, s. 4 - 27/06/2002 2009, c. 34, Sched. J, s. 16 - 15/12/2009
16.0.1 (1) A refund or repayment of an expenditure or advance charged to an appropriation for a fiscal year, other than a statutory appropriation, or a reduction of a liability charged to an appropriation for a fiscal year, other than a statutory appropriation, that is received or has become receivable in a known amount before the books of the Government of Ontario are closed for the fiscal year in which the expenditure, advance or liability was incurred shall be credited to the appropriation against which it was charged. 2016, c. 5, Sched. 9, s. 5. Same (2) If a refund or repayment of an expenditure or advance charged to an appropriation for a fiscal year, other than a statutory appropriation, or a reduction of a liability charged to an appropriation for a fiscal year, other than a statutory appropriation, does not become receivable in a known amount until after the books of the Government of Ontario are closed for the fiscal year in which the expenditure, advance or liability was incurred, all or part of the refund, repayment or reduction, as the Treasury Board may determine, may be credited to an appropriation, (a) that is for the fiscal year in which the refund, repayment or reduction becomes receivable in a known amount; and (b) that authorizes expenditures for the same purpose as the expenditure, advance or liability to which the refund, repayment or reduction relates or for a purpose determined by the Board to be similar. 2016, c. 5, Sched. 9, s. 5. Same, statutory appropriation (3) A refund or repayment of an expenditure or advance charged to a statutory appropriation or a reduction of a liability charged to a statutory appropriation that is received or has become receivable in a known amount shall be credited to the appropriation against which it was charged. 2016, c. 5, Sched. 9, s. 5. Section Amendments with date in force (d/m/y) 2002, c. 8, Sched. B, s. 8 - 27/06/2002 2009, c. 34, Sched. J, s. 19 - 15/12/2009 2015, c. 20, Sched. 11 s. 10 (1, 2) - 04/06/2015 2016, c. 5, Sched. 9, s. 5 - 01/04/2016
16.0.2 For the purposes of this Part, the following matters shall be determined in accordance with the accounting principles set out in the Public Accounts for the relevant fiscal year: 1. Whether a ministry or specified public entity has incurred a liability during the fiscal year. 1.1 Whether a debt owing to the Crown has become uncollectible and is a bad debt. 1.2 Whether a ministry or public entity is required to recognize a non-cash expense or non-cash investment. 2. Any other matter prescribed by the regulations.  2008, c. 7, Sched. H, s. 1; 2009, c. 18, Sched. 12, s. 6; 2010, c. 1, Sched. 7, s. 15; 2021, c. 40, Sched. 11, s. 5. Section Amendments with date in force (d/m/y) 2008, c. 7, Sched. H, s. 1 - 14/05/2008 2009, c. 18, Sched. 12, s. 6 - 1/04/2009 2010, c. 1, Sched. 7, s. 15 - 1/04/2010 2021, c. 40, Sched. 11, s. 5 - 09/12/2021
16.1 The fees and commissions of a collection agency registered under the Collection and Debt Settlement Services Act that are charged for the collection or attempted collection of an amount owed to the Crown, a ministry or a specified public entity are payable from the Consolidated Revenue Fund, subject to such terms and conditions as may be established by the Minister of Finance.  1991, c. 55, s. 7; 1994, c. 17, s. 62 (2); 2010, c. 1, Sched. 7, s. 16; 2013, c. 13, Sched. 1, s. 14. Section Amendments with date in force (d/m/y) 1991, c. 55, s. 7 - 19/12/1991; 1994, c. 17, s. 62 (2) - 23/06/1994 2010, c. 1, Sched. 7, s. 16 - 1/04/2010 2013, c. 13, Sched. 1, s. 14 - 1/01/2015 16.2 Repealed:  2009, c. 34, Sched. J, s. 20. Section Amendments with date in force (d/m/y) 1991, c. 55, s. 7 - 19/12/1991; 1994, c. 17, s. 62 (2) - 23/06/1994 2002, c. 8, Sched. B, s. 9 - 27/06/2002 2009, c. 34, Sched. J, s. 20 - 15/12/2009 PART II.1 
FINANCIAL MANAGEMENT AND CONTROL
16.3 In this Part, “public entity” includes the Accountant of the Superior Court of Justice.  2010, c. 1, Sched. 7, s. 17. Section Amendments with date in force (d/m/y) 1996, c. 29, s. 3 - 9/12/1996 2006, c. 19, Sched. C, s. 1 (3) - 22/06/2006 2010, c. 1, Sched. 7, s. 17 - 1/04/2010
16.4 (1) Despite any other Act or regulation, a ministry or public entity may pay into the Consolidated Revenue Fund at any time any amount of its funds held outside the Consolidated Revenue Fund that it determines to be surplus to its current needs.  1996, c. 29, s. 3; 2010, c. 1, Sched. 7, s. 18 (1). Same (2) Despite any other Act or regulation, a ministry or public entity shall pay into the Consolidated Revenue Fund, when ordered to do so by the Minister of Finance, any amount of its funds held outside the Consolidated Revenue Fund that is determined by the Minister of Finance to be surplus to the current needs of the ministry or public entity.  1996, c. 29, s. 3; 2010, c. 1, Sched. 7, s. 18 (2). Application of subsection (2) (3) Subsection (2) applies whether or not a payment is or has been made under subsection (1).  1996, c. 29, s. 3. Reserves (4) In determining an amount payable under subsection (2), the Minister of Finance may allow such amount to be retained for the future needs of the ministry or public entity making the payment as the Minister of Finance considers appropriate.  1996, c. 29, s. 3; 2010, c. 1, Sched. 7, s. 18 (3). Obligation not impaired (5) The Minister of Finance shall make such arrangements as he or she considers necessary to provide that a payment ordered under subsection (2) will not impair the ability of the ministry or public entity making the payment to meet its financial liabilities or obligations as they come due or to fulfil its contractual commitments.  1996, c. 29, s. 3; 2010, c. 1, Sched. 7, s. 18 (4). Credit facility authorized (6) An arrangement under subsection (5) may include the provision to a ministry or public entity by Ontario, the Ontario Financing Authority, a bank or a financial institution of a credit facility sufficient to allow the ministry or public entity to meet its financial liabilities and obligations or to fulfil its contractual commitments.  1996, c. 29, s. 3; 2010, c. 1, Sched. 7, s. 18 (5). Section Amendments with date in force (d/m/y) 1996, c. 29, s. 3 - 9/12/1996 2010, c. 1, Sched. 7, s. 18 (1-5) - 1/04/2010
17 In this Part, “certificated security” means a security that is represented by a certificate; (“valeur mobilière avec certificat”) “securities” means securities of Ontario, and includes Ontario Government stock, bonds, debentures, interest bearing and non-interest bearing treasury bills, notes and any other security representing part of the public debt of Ontario; (“valeurs mobilières”) “security certificate” means a certificate representing a security, but does not include a certificate in electronic form; (“certificat de valeur mobilière”) “uncertificated security” means a security that is not represented by a certificate. (“valeur mobilière sans certificat”) R.S.O. 1990, c. F.12, s. 17; 2010, c. 26, Sched. 7, s. 10. Section Amendments with date in force (d/m/y) 2010, c. 26, Sched. 7, s. 10 - 8/12/2010
18 No money shall be raised by way of loan by the Crown except under this or any other Act of the Legislature. R.S.O. 1990, c. F.12, s. 18.
19 All money raised by way of loan and the interest thereon and the principal amount of and interest and premiums on all securities issued are a charge on and are payable out of the Consolidated Revenue Fund. R.S.O. 1990, c. F.12, s. 19.
21 (1) In addition to all money authorized by any other Act to be borrowed or raised by way of loan, the Lieutenant Governor in Council may raise money by way of loan or by the issue and sale of securities for any of the following purposes: 1. The payment, renewal, repayment or replacement of all or part of any loan raised or security issued under this or any other Act if all of the following conditions are satisfied: i. The Lieutenant Governor in Council makes an order under this paragraph. ii. The order specifies the maximum aggregate amount of the money that may be raised under this paragraph within 24 months after the date on which the order is made. iii. The maximum aggregate amount specified in the order does not exceed the amount necessary for the payment, renewal, repayment or replacement of the following loans and securities: A. Loans that come due and securities that mature no earlier than 12 months before the date on which the order is made and no later than 12 months after the date on which the order is made. B. Loans and securities that are purchased or cancelled by Ontario no earlier than 12 months before the date on which the order is made and no later than the date on which the order is made. 2. Payment of the whole or any part of a loan, security, liability or other obligation of any kind, payment of which is guaranteed or assumed by Ontario or that Ontario has agreed to indemnify. 3. The provision of funds, in an amount determined by the Lieutenant Governor in Council on the recommendation of the Minister of Finance, that are required for the expenditures of the Government of Ontario for a period not exceeding twelve months if, at the time the borrowing is authorized by the Lieutenant Governor in Council, the Legislature is prorogued or dissolved and there is insufficient authority under any other Act to borrow the amount, but no loan authorized or securities authorized to be issued and sold for the raising of the amount shall be for a period longer than one year or be paid, renewed, repaid or replaced under paragraph 1.  1991, c. 55, s. 9; 1994, c. 17, s. 62 (2); 2006, c. 33, Sched. J, s. 3; 2016, c. 37, Sched. 7, s. 1 (1). Refinancing may increase indebtedness or extend term (2) The money raised for a purpose described in paragraph 1 of subsection (1) may increase the amount of the public debt or extend the term of years, if any, fixed by the Act that authorized the raising of the loan or the issue and sale of the securities being paid, renewed, repaid or replaced. 2016, c. 37, Sched. 7, s. 1 (2). Section Amendments with date in force (d/m/y) 1991, c. 55, s. 9 - 19/12/1991; 1994, c. 17, s. 62 (2) - 23/06/1991 2006, c. 33, Sched. J, s. 3 - 20/12/2006 2016, c. 37, Sched. 7, s. 1 (1, 2) - 08/12/2016
22 (1) The Lieutenant Governor in Council may by order authorize the Minister of Finance, on behalf of Ontario, to agree to guarantee or indemnify the debts, obligations, securities or undertakings of any person.  1991, c. 55, s. 9; 1994, c. 17, s. 62 (2). Terms and conditions (2) In respect of a guarantee or indemnity authorized under subsection (1), the Lieutenant Governor in Council may fix such terms and conditions as are considered advisable or may authorize the Minister of Finance, subject to any maximum liability specified for the guarantee or indemnity by the Lieutenant Governor in Council, to determine the terms, conditions and amount on which the guarantee or indemnity will be given.  1991, c. 55, s. 9; 1994, c. 17, s. 62 (2). Application (3) This section does not apply to authorize the giving of a guarantee or indemnity that the Lieutenant Governor in Council or the Crown or the Minister of Finance is authorized by any other Act to give.  1991, c. 55, s. 9; 1994, c. 17, s. 62 (2). Guarantee fee (4) In respect of a guarantee or indemnity authorized under this section or under any other Act, the Lieutenant Governor in Council may require the payment to the Minister of Finance of an annual or other fee fixed by the order authorizing the guarantee or indemnity or computed in accordance with the regulations made under this Act, and the fee is payable as a debt due to the Crown.  1991, c. 55, s. 9; 1994, c. 17, s. 62 (2). Section Amendments with date in force (d/m/y) 1991, c. 55, s. 9 - 19/12/1991; 1994, c. 17, s. 62 (2) - 23/06/1994
23 (1) In addition to all money authorized to be raised by way of loan by this or any other Act, the Minister of Finance, subject to the approval of the Lieutenant Governor in Council, may borrow from time to time for the purposes, (a) of discharging any indebtedness or obligation of Ontario; (b) of making any payment authorized or required by any Act to be made out of the Consolidated Revenue Fund; or (c) of reimbursing the Consolidated Revenue Fund for any moneys expended for any such purposes, by way of temporary loan for not more than 365 days from any bank, corporation, government, person or authority, such sums not exceeding at any one time $4,000,000,000, as the Minister of Finance considers necessary, either by way of bank overdraft or loan or in any other manner whatsoever.  R.S.O. 1990, c. F.12, s. 23 (1); 1991, c. 55, s. 10; 1994, c. 17, s. 62 (2); 1996, c. 24, s. 37 (1). Execution of instruments (2) Any cheques, written authorizations, promissory notes or other instruments that may be necessary or desirable for the purposes of subsection (1) may be executed by the Minister of Finance in such manner as the Minister of Finance may determine.  R.S.O. 1990, c. F.12, s. 23 (2); 1994, c. 17, s. 62 (2). Limitation (3) A loan under this section shall not be paid, renewed, repaid or replaced under paragraph 1 of section 21.  1996, c. 24, s. 37 (2). Section Amendments with date in force (d/m/y) 1991, c. 55, s. 10 - 19/12/1991; 1994, c. 17, s. 62 (2) - 23/06/1994; 1996, c. 24, s. 37 (1-2) - 31/10/1996
24 (1) A recital or declaration of any thing in an order of the Lieutenant Governor in Council made under this Part is conclusive evidence of the thing and is binding on Ontario in respect of any act done, money paid or lent or agreement entered into in reliance on the recital or declaration.  1991, c. 55, s. 11. Ontario Gazette Act (2) Clause 2 (c) of the Ontario Gazette Act does not apply with respect to an advertisement, notice or publication that is required by a security issued and sold under this Act, by a loan made to Ontario under this Act or by an agreement entered into, or a document or instrument issued, by or for the Minister of Finance in connection with such a security or loan.  1997, c. 43, Sched. F, s. 4 (2); 2020, c. 34, Sched. 13, s. 4. Section Amendments with date in force (d/m/y) 1991, c. 55, s. 11 - 19/12/1991; 1997, c. 43, Sched. F, s. 4 (2) - 18/12/1997 2020, c. 34, Sched. 13, s. 4 - 31/03/2021
25 A security issued and sold under the authority of this Act, and money borrowed under the authority of this or any other Act, may be made payable or repayable in the currency or currencies of any country or in a currency prescribed by the regulations made under this Act.  1991, c. 55, s. 12. Section Amendments with date in force (d/m/y) 1991, c. 55, s. 12 - 19/12/1991
26.1 (1) In addition to any authority in any other Act for money to be borrowed or raised by way of loan, the Lieutenant Governor in Council may change the form of any part of the debt of Ontario by authorizing the issue under this Act of a security or class of securities to be exchanged for any securities or class of securities if, (a) the present value of the security to be exchanged is equivalent to the present value of the security for which it is exchanged; and (b) the consent of the registered holder of the security to be exchanged is obtained before the exchange takes place.  1991, c. 55, s. 12; 2010, c. 1, Sched. 7, s. 21. Exchange for unissued securities (2) Despite this or any other Act, the Minister of Finance, on any terms and conditions he or she approves, may determine as a term of a security issued under this Act that the security may be exchanged for one or more securities of Ontario to be subsequently issued with a maturity, rate of interest or other terms and conditions different from those contained in the security for which it is to be exchanged if the exchange will not increase the total outstanding principal amount of debt owed by Ontario.  1996, c. 24, s. 39. Same (3) The Minister of Finance may, without further order of the Lieutenant Governor in Council, issue securities of Ontario to effect the exchange in accordance with the terms and conditions of the security that provide for the exchange.  1996, c. 24, s. 39. Borrowing limit not affected (4) The subsequent issue of securities under subsection (3) shall not be taken into account in computing a borrowing limit under this or any other Act.  1996, c. 24, s. 39. Application of section 21 (5) Section 21 does not apply with respect to securities exchanged for subsequently issued securities pursuant to subsection (2).  1996, c. 24, s. 39. Section Amendments with date in force (d/m/y) 1991, c. 55, s. 12 - 19/12/1991; 1996, c. 24, s. 39 - 31/10/1996 2010, c. 1, Sched. 7, s. 21 - 18/05/2010
27 The Lieutenant Governor in Council may direct that securities, the money invested therein and the interest thereon shall be free from all taxes, succession duties, charges and impositions now or hereafter imposed by Ontario and by any taxing authority thereof or therein.  R.S.O. 1990, c. F.12, s. 27.
29 (1) The Lieutenant Governor in Council may provide for the manner of executing security certificates and the coupons, if any, attached thereto, and may provide that any signature or signatures upon the securities and the coupons attached thereto may be engraved, lithographed, printed or otherwise mechanically or electronically reproduced.  R.S.O. 1990, c. F.12, s. 29; 2010, c. 26, Sched. 7, s. 12; 2020, c. 36, Sched. 13, s. 7 (1). Electronic seal (2) If the manner of executing security certificates provided for under subsection (1) requires the affixation of the seal for the Minister of Finance referred to in subsection 1.0.13 (1), the seal may be reproduced electronically and, when so reproduced, has the same force and effect as if manually affixed. 2020, c. 36, Sched. 13, s. 7 (2). Section Amendments with date in force (d/m/y) 2010, c. 26, Sched. 7, s. 12 - 8/12/2010 2020, c. 36, Sched. 13, s. 7 (1, 2) - 08/12/2020
30 The Lieutenant Governor in Council may provide that any securities to be issued shall contain or be subject to such conditions or provisions, including conditions or provisions with respect to the registration and transfer thereof and with respect to the exchange of securities of one form or denomination for securities of a different form or denomination of equivalent aggregate principal amount and bearing the same rate of interest, as he or she considers expedient.  R.S.O. 1990, c. F.12, s. 30.
31 (1) The Lieutenant Governor in Council may, (a) appoint one or more registrars to perform such services in respect of the registration of securities as he or she prescribes; (b) appoint one or more fiscal agents to perform such services in respect of loans as he or she prescribes; (c) prescribe the duties of registrars and fiscal agents; (d) fix the remuneration or compensation of any such registrar or fiscal agent.  R.S.O. 1990, c. F.12, s. 31 (1). Accounting by fiscal agents and registrars (2) Every registrar and fiscal agent shall as often as required by the Minister of Finance give to the Minister of Finance an accounting, in such form and containing such information as the Minister of Finance may prescribe, of all the registrar’s or fiscal agents transactions as registrar or fiscal agent.  R.S.O. 1990, c. F.12, s. 31 (2); 1994, c. 17, s. 62 (2). Section Amendments with date in force (d/m/y) 1994, c. 17, s. 62 (2) - 23/06/1994
32 No officer or person employed in the inscription, registration, transfer, management or redemption of any securities, or in the payment of any interest thereon, is bound to see to the execution of any trust, expressed or implied, to which such securities are subject, or is liable in any way to any person for anything so done by the officer or person so employed.  R.S.O. 1990, c. F.12, s. 32.
33 In the event of the loss of any securities or interest coupons thereon by a holder thereof, the Minister of Finance may pay the amount thereof out of the Consolidated Revenue Fund and may take a bond in such amount and in such form as the Minister of Finance considers advisable indemnifying Ontario against loss in respect of such payment.  R.S.O. 1990, c. F.12, s. 33; 1994, c. 17, s. 62 (2). Section Amendments with date in force (d/m/y) 1994, c. 17, s. 62 (2) - 23/06/1994
34 The Lieutenant Governor in Council may provide for the creation and management of a special sinking fund with respect to any issue of securities or of a general sinking fund with respect to such securities as have been or are hereafter issued without provision for a sinking fund with respect to them.  R.S.O. 1990, c. F.12, s. 34.
35 All money required to provide a sinking fund or otherwise required to secure repayment of securities, the remuneration and compensation of registrars and fiscal agents and all costs, expenses and charges incurred in the negotiation or raising of loans or in the issue, redemption, servicing, payment and management of any loan and any securities issued in respect thereof may be paid out of the Consolidated Revenue Fund.  R.S.O. 1990, c. F.12, s. 35.
36 The Minister of Finance may cancel securities that come into the Minister of Finance’s hands through purchase for sinking fund or otherwise, and upon cancellation such securities cease to be a charge upon the Consolidated Revenue Fund.  R.S.O. 1990, c. F.12, s. 36; 1994, c. 17, s. 62 (2). Section Amendments with date in force (d/m/y) 1994, c. 17, s. 62 (2) - 23/06/1994
37 If a security is issued pursuant to this Act, the terms and conditions of the security must include a statement that the security is issued pursuant to this Act.  2010, c. 26, Sched. 7, s. 13. Section Amendments with date in force (d/m/y) 2010, c. 26, Sched. 7, s. 13 - 8/12/2010
38 (1) The Lieutenant Governor in Council may make such regulations as he or she considers necessary, (a) for the management of the public debt; (a.1), (a.2)  Repealed: 2021, c. 40, Sched. 11, s. 6 (1). (a.3) prescribing entities that are excluded from the definition of “broader public sector” in subsection 1.0.19 (2); (a.4) prescribing information for the purposes of paragraph 4 of subsection 1.0.25.1 (2); (a.5) prescribing terms, conditions and restrictions for the purposes of clause 3 (1) (h.1); (b) prescribing the terms and conditions of securities or prescribing the documents in which the terms and conditions of uncertificated securities may be stated; (b.1) for the issuance, sale, registration and holding of uncertificated securities; (c) for the registration, transfer, exchange, redemption, cancellation and destruction of securities; (c.1) prescribing fees for the purpose of section 8.1; (c.2)  Repealed: 2021, c. 40, Sched. 11, s. 6 (1). (c.2.1) prescribing matters for the purposes of section 16.0.2; (c.3) prescribing the manner in which fees shall be computed for the purpose of subsection 22 (4); (c.4) prescribing as a currency for the purpose of section 25 any monetary unit or composite monetary unit generally recognized in international commerce; Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 38 (1) of the Act is amended by adding the following clauses: (See: 2017, c. 8, Sched. 10, s. 2) (c.5) defining terms used in section 28 that are not already defined in this Act; (c.6) governing what does or does not constitute a direct or indirect increase to the indebtedness or contingent liabilities of Ontario for the purposes of subsection 28 (1); (d) prescribing a rate of interest per annum for the purpose of subsection 39 (3).  R.S.O. 1990, c. F.12, s. 38; 1991, c. 55, s. 14; 2002, c. 8, Sched. B, s. 12; 2008, c. 7, Sched. H, s. 2; 2009, c. 18, Sched. 12, s. 7 (1-4); 2010, c. 26, Sched. 7, s. 14; 2012, c. 8, Sched. 14, s. 6; 2015, c. 38, Sched. 5, s. 2; 2020, c. 36, Sched. 13, s. 8; 2021, c. 40, Sched. 11, s. 6 (1). (2) Repealed: 2021, c. 40, Sched. 11, s. 6 (2). Section Amendments with date in force (d/m/y) 1991, c. 55, s. 14 - 19/10/1991 2002, c. 8, Sched. B, s. 12 - 1/04/2003 2008, c. 7, Sched. H, s. 2 - 14/05/2008 2009, c. 18, Sched. 12, s. 7 (1-5) - 1/04/2009 2010, c. 26, Sched. 7, s. 14 - 8/12/2010 2012, c. 8, Sched. 14, s. 6 - 20/06/2012 2015, c. 38, Sched. 5, s. 2 - 10/12/2015 2017, c. 8, Sched. 10, s. 2 - not in force 2020, c. 36, Sched. 13, s. 8 - 01/03/2022 2021, c. 40, Sched. 11, s. 6 (1, 2) - 09/12/2021 PART IV   CIVIL LIABILITY
39 (1) Where the Minister of Finance has reason to believe that a person, (a) has received money for the Crown and has not paid it over; (b) has received money for which the person is accountable to the Crown and has not accounted for it; or (c) has in the person’s hands any public money applicable to a purpose and has not applied it to that purpose, the Minister of Finance may give notice to such person, or to his or her personal representative in case of his or her death, requiring the person within such time from the service of the notice as is stated therein, to pay over, account for, or so apply such money, as the case may be, and to transmit to the Minister of Finance proper vouchers that the person has done so.  R.S.O. 1990, c. F.12, s. 39 (1); 1994, c. 17, s. 62 (2). Service of notice (2) The notice may be served by delivering a copy to the person to whom it is addressed or by leaving it for the person at the person’s usual place of residence.  R.S.O. 1990, c. F.12, s. 39 (2). Proceedings where notice not complied with (3) Where a person fails to comply with the notice given under subsection (1) within the time stated therein, the Minister of Finance may state an account between the Crown and such person showing the amount of the money not paid over, accounted for or applied, as the case may be, and, in the discretion of the Minister of Finance, charging interest on the whole or any part thereof at a rate of interest per annum prescribed by the Lieutenant Governor in Council from such date as the Minister of Finance may determine, and in any proceedings for the recovery of such money a copy of the account so stated by the Minister of Finance, certified by him or her, is admissible in evidence as proof, in the absence of evidence to the contrary, that the amount stated therein, together with interest, is due and payable to the Crown, without proof of the signature of the Minister of Finance or his or her official character, and without further proof thereof, and such amount and interest may be recovered as a debt due to the Crown in any court of competent jurisdiction.  R.S.O. 1990, c. F.12, s. 39 (3); 1994, c. 17, s. 62 (2). Section Amendments with date in force (d/m/y) 1994, c. 17, s. 62 (2) - 23/06/1994
40 Where a person has received public money to be applied to a purpose and has not so applied it and a notice has been given under subsection 39 (1), an equal sum out of the Consolidated Revenue Fund may in the meantime be applied to the purpose to which such sum ought to have been applied.  R.S.O. 1990, c. F.12, s. 40.
41 Where it appears, (a) by the books or accounts kept by or in the office of any person employed in the collection or management of the revenue; (b) in any accounting by such person; or (c) by the person’s written acknowledgment or confession, that such person has, by virtue of the person’s office or employment, received money belonging to the Crown and has neglected or refused to pay it over to the proper persons at the proper times, an affidavit deposing to such facts, taken by any person having knowledge thereof, is, in any proceedings for the recovery of such money, admissible in evidence as proof, in the absence of evidence to the contrary, of the facts stated therein.  R.S.O. 1990, c. F.12, s. 41.
42 Where by reason of any malfeasance, nonfeasance or misfeasance by a person employed in collecting or receiving any public money, any sum of money is lost to the Crown, such person is accountable for such sum as if the person had collected and received it and it may be recovered from the person as if the person had collected and received it.  R.S.O. 1990, c. F.12, s. 42. Collection of debt by set-off
43 (1) In this section, “Crown” includes any agency of the Crown; (“Couronne”) “overpayment” means a payment of money to which the recipient is not entitled at the time of the payment or to which the recipient ceases to be entitled at any time after the payment. (“paiement en trop”)  R.S.O. 1990, c. F.12, s. 43 (1); 2006, c. 33, Sched. J, s. 4 (1). Set-off (2) If, in the opinion of the Minister of Finance, a person is indebted to the Crown or the Crown in right of Canada in any specific sum of money or has received an overpayment of a specified sum from the Crown, the Minister of Finance may, (a) retain by way of deduction or set-off, out of any money that is due and payable by the Crown in right of Ontario to such person, such sum as the Minister of Finance sees fit in the circumstances; and (b) pay such sum to such public officer as the Minister of Finance thinks appropriate to receive it.  R.S.O. 1990, c. F.12, s. 43 (2); 1994, c. 17, s. 62 (2); 2006, c. 33, Sched. J, s. 4 (2). Application of subs. (2) (3) Subsection (2) applies despite any other Act unless the other Act expressly provides that it applies despite subsection (2).  2009, c. 34, Sched. J, s. 21. Section Amendments with date in force (d/m/y) 1994, c. 17, s. 62 (2) - 23/06/1994 2006, c. 33, Sched. J, s. 4 (1-2) - 20/12/2006 2009, c. 34, Sched. J, s. 21 - 15/12/2009
44 All books, papers, accounts and documents kept or used by, or received or taken into the possession of any person who is or has been employed in connection with the collection, management, disbursement or accounting of public money, by virtue of that employment, shall be deemed to be chattels belonging to the Crown, and all money and valuable securities received or taken into the possession of any such person by virtue of the person’s employment shall be deemed to be money and valuable securities belonging to the Crown.  R.S.O. 1990, c. F.12, s. 44.
45 Nothing in this Act affects any remedy that the Crown by virtue of any other Act or law has for recovering or enforcing the payment or delivering of any money or property belonging to the Crown and in the possession of any person or any remedy that the Crown or any person has against such person or the person’s sureties or against any other person.  R.S.O. 1990, c. F.12, s. 45. Part V   Reciprocal Taxation Agreements
46 (1) The Minister of Finance may enter into reciprocal taxation agreements with the Government of Canada relating to the payment, collection and remittance of taxes, including provisions relating to, (a) the payment by the Crown of tax payable under the Excise Tax Act (Canada), other than tax payable under Part IX of that Act, as though that Act, other than Part IX, applied to Ontario; (b) the payment by the Crown of tax under Part IX of the Excise Tax Act (Canada), as if that Act applied to Ontario in respect of, (i) supplies of property or services acquired by provincial entities, and (ii) supplies of property or services acquired in the name of a person or entity other than the Crown; (c) the application by Ontario provincial entities to receive refunds, input tax credits, rebates and remissions under the Excise Tax Act (Canada); (d) the collection and remittance by the Crown of tax payable by third parties under the Excise Tax Act
(Canada); (e) the payment of interest, but not penalties, in respect of any amount collectible by the Crown under the Excise Tax Act (Canada); (f) the payment or the collection and remittance by the Crown in right of Canada of any tax, interest or fee imposed under the laws of Ontario or required to be collected and remitted under the laws of Ontario. 2006, c. 33, Sched. J, s. 5. Payment out of Consolidated Revenue Fund (2) All amounts authorized to be paid by the Crown under a reciprocal taxation agreement may be paid out of the Consolidated Revenue Fund at such times and in such manner as the agreement provides. 2006, c. 33, Sched. J, s. 5. Section Amendments with date in force (d/m/y) 2006, c. 33, Sched. J, s. 5 - 20/12/2006 Part VI   Disbursements for Events at which Politicians Speak
47 (1) A ministry or public entity shall not pay an admission or sponsorship fee for an event out of public money or other revenues if one of the following individuals is expected to speak at the event: 1. A minister of the Crown in right of Canada, a minister of the Crown in right of a province or a territorial minister. 2. A member of the Senate of Canada, the House of Commons of Canada or the legislative assembly of a province or territory. 3. The leader of a political party in Canada, whether federal, provincial or territorial. 4. A member of the council of a municipality in Canada. 2019, c. 7, Sched. 24, s. 1. Exception, other speakers (2) The prohibition in subsection (1) does not apply to an event at which an individual who is not described in subsection (1) is also expected to speak. 2019, c. 7, Sched. 24, s. 1. Section Amendments with date in force (d/m/y) 2019, c. 7, Sched. 24, s. 1 - 01/07/2019 ______________  Français