BILL 4

An Act to Amend the New Brunswick Liquor Corporation Act

His Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:

1 Subsection 4.1(8) of the New Brunswick Liquor Corporation Act, chapter 105 of the Revised Statutes, 2016, is amended by striking out “shall present financial statements to the Corporation for the purposes of audit,” and substituting “shall present audited financial statements to the Corporation”.

2 The heading “By-laws re purchases” preceding section 13 of the Act is repealed.

3 Section 13 of the Act is repealed.

4 The heading “By-laws re construction contracts” preceding section 14 of the Act is repealed.

5 Section 14 of the Act is repealed.

6 Subsection 23(2) of the Act is amended by striking out “, which shall include the financial statements of its subsidiaries,”.

CONSEQUENTIAL AMENDMENTS AND TRANSITIONAL PROVISION

Regulations under the Procurement Act

7( 1) Schedule B of New Brunswick Regulation 2014-93 under the Procurement Act, chapter 20 of the Acts of New Brunswick, 2012, is amended by adding the following in alphabetical order:

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New Brunswick Liquor Corporation

7( 2) Schedule 2 of New Brunswick Regulation 2022-78 under the Procurement Act, chapter 20 of the Acts of New Brunswick, 2012, is amended by adding the following in alphabetical order:

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Transitional provision

8 Despite the repeal of section 13 of the New Brunswick Liquor Corporation Act, chapter 105 of the Revised Statutes, 2016, on the commencement of this section, section 13 of that Act applies to any procurement commenced before the commencement of this section for the purchase of supplies, except liquor, required by the New Brunswick Liquor Corporation for the transaction of its business and affairs as if that provision had not been repealed.