BILL 38 – 2007
SUPPLY ACT, 2007-2008

Preamble

WHEREAS it appears by Message from the Honourable the Lieutenant Governor and the main Estimates accompanying the Message, as laid before the Legislative Assembly at the present session, that provision is required to defray certain expenses of the public service of the Province, and for other purposes connected with the public service, for the fiscal year ending March 31, 2008;

AND WHEREAS the budget documents disclose that the most likely forecast of a surplus of the government reporting entity for the fiscal year ending March 31, 2008 is $1 150 000 000;

AND WHEREAS the budget documents include a $750 000 000 forecast allowance to provide for unanticipated fluctuations in revenues and expenses of the government reporting entity that decreases the forecast surplus of the government reporting entity for the fiscal year ending March 31, 2008 to $400 000 000;

THEREFORE HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

Voted expenses appropriation

1  From and out of the consolidated revenue fund there may be paid and applied in the manner and at the times the government may determine the sum of $29 279 654 000 as set forth in Schedule 1, towards defraying the charges and expenses of the public service of the Province for the fiscal year ending March 31, 2008, the sum to include that authorized to be paid under section 1 of the Supply Act (No. 1), 2007.

Voted financing transactions appropriation

2  From and out of the consolidated revenue fund there may be paid and applied in the manner and at the times the government may determine the sum of $1 866 907 000 towards

(a) the disbursements for prepaid capital advances referred to in Schedule C of the main Estimates as laid before the Legislative Assembly at the present session,

(b) capital expenditures referred to in Schedule D of those main Estimates, and

(c) the disbursements for loans, investments and other requirements referred to in Schedule E of those main Estimates,

as set forth in Schedule 2, towards defraying the charges and expenditures of the public service of the Province for the fiscal year ending March 31, 2008, the sum to include that authorized to be paid under section 2 of the Supply Act (No. 1), 2007.

Commencement

3  This Act comes into force on the date of Royal Assent.

Schedule 1

2007/2008 Schedule of Expenses

Sums granted to Her Majesty for the fiscal year ending March 31, 2008 and the purposes for which they are granted

Schedule 2

2007/2008 Schedule of Financing Transactions

Sums granted to Her Majesty for the fiscal year ending March 31, 2008 and the purposes for which they are granted