Budget Implementation Act, 2008 (S.C. 2008, c. 28)

Assented to 2008-06-18

Mental Health Commission of Canada

Marginal note:Maximum payment of $110,000,000
  •  (1) There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Health, a sum not exceeding one hundred and ten million dollars to the Mental Health Commission of Canada for its use.

  • Marginal note:Terms and conditions

    (2) The Minister of Health may, before or after this section comes into force, enter into an agreement with the Mental Health Commission of Canada respecting the terms and conditions applicable to the making of the payment and its use.

The Gairdner Foundation

Marginal note:Maximum payment of $20,000,000
  •  (1) There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Health, a sum not exceeding twenty million dollars to The Gairdner Foundation for its use.

  • Marginal note:Terms and conditions

    (2) The Minister of Health may, before or after this section comes into force, enter into an agreement with The Gairdner Foundation respecting the terms and conditions applicable to the making of the payment and its use.

University of Calgary

Marginal note:Maximum payment of $5,000,000
  •  (1) There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Natural Resources, a sum not exceeding five million dollars to the University of Calgary for the purpose of examining regulatory, economic and technological barriers in order to accelerate the deployment of carbon capture and storage technologies.

  • Marginal note:Terms and conditions

    (2) The Minister of Natural Resources may, before or after this section comes into force, enter into an agreement with the University of Calgary respecting the terms and conditions applicable to the making of the payment and its use.

PART 10

VARIOUS AMENDMENTS

Marginal note:R.S., c. B-2

Bank of Canada Act

Marginal note:1999, c. 28, s. 95(1); 2001, c. 9, s. 194(2)
  •  (1) Paragraphs 18(g) and (g.1) of the Bank of Canada Act are replaced by the following:

    • (g) for the purposes of conducting monetary policy or promoting the stability of the Canadian financial system,

      • (i) buy and sell from or to any person securities and any other financial instruments — other than instruments that evidence an ownership interest or right in or to an entity — that comply with the policy established by the Governor under subsection 18.1(1), and

      • (ii) if the Governor is of the opinion that there is a severe and unusual stress on a financial market or the financial system, buy and sell from or to any person any securities and any other financial instruments, to the extent determined necessary by the Governor;

  • (2) Paragraph 18(k) of the Act is repealed.