BILL 45
Loan Act 2010
Her Majesty, by and with the advice and
consent of the Legislative Assembly of New Brunswick, enacts as follows:
1 In
addition to all money authorized to be raised by any other Act of
the Legislature, the Lieutenant-Governor in Council is authorized
to raise from time to time in accordance with section 4 of the Provincial Loans Act such sums of
money, not exceeding in the aggregate one billion, six hundred million
dollars, as may be deemed expedient for any or all of the following
purposes: for the public service, for discharging any indebtedness
or obligation of New Brunswick, or for reimbursing the Consolidated
Fund for any moneys expended in discharging any such indebtedness
or obligation, and for the carrying on of public works authorized
by the Legislature.