131. Subsections 80(1) and (2) of the Act are replaced by the following:

Consequential Amendments

2005, c. 34Department of Human Resources and Skills Development Act

Marginal note:2005, c. 30, par. 129(2)(a)

• 132. (1) Subsection 28(1.1) of the Department of Human Resources and Skills Development Act is repealed.

• (2) Section 28 of the Act is amended by adding the following after subsection (3):

  • Marginal note:Calculations

    (4) The Commission may request the Canada Employment Insurance Financing Board established under subsection 3(1) of the Canada Employment Insurance Financing Board Act to perform calculations for the purposes of sections 4 and 69 of the Employment Insurance Act in accordance with an agreement between the Commission and that Board.

Marginal note:2005, c. 30, par. 129(2)(b)

133. Section 28.1 of the Act is repealed.

R.S., c. F-11Financial Administration Act

134. Part I of Schedule III to the Financial Administration Act is amended by adding the following in alphabetical order:

Coming into Force

Marginal note:Order in council

135. The provisions of this Part or those of the Canada Employment Insurance Financing Board Act, as enacted by section 121, come into force on a day or days to be fixed by order of the Governor in Council.

PART 8PAYMENTS TO PROVINCES AND TERRITORIES

Police Officers Recruitment Fund

Marginal note:Maximum payment of $400,000,000

• 136. (1) The Minister of Finance may make direct payments, in an aggregate amount not exceeding four hundred million dollars, to a trust established to provide provinces and territories with funding to support the recruitment of 2,500 new front-line police officers over the next five years.

• Marginal note:Provincial or territorial share

  (2) The amount that may be provided to a province or territory under this section is to be determined in accordance with the terms of the trust indenture establishing the trust.

• Marginal note:Payments out of C.R.F.

  (3) Any amount payable under this section may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Finance, at the times and in the manner that the Minister of Finance considers appropriate.

Public Transit Capital Trust 2008

Marginal note:Maximum payment of $500,000,000

• 137. (1) The Minister of Finance may make direct payments, in an aggregate amount not exceeding five hundred million dollars, to a trust established to support capital investment in public transit infrastructure in the provinces and territories.

• Marginal note:Beneficiaries’ share

  (2) The beneficiaries of the trust and the amount that may be provided to each beneficiary under this section are to be determined in accordance with the terms of the trust indenture establishing the trust.

• Marginal note:Payments out of C.R.F.

  (3) Any amount payable under this section may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Finance, at the times and in the manner that the Minister of Finance considers appropriate.

Payment to Saskatchewan for Carbon Capture and Storage

Marginal note:Maximum payment of $240,000,000

• 138. (1) The Minister of Finance may make direct payments, in an aggregate amount not exceeding two hundred and forty million dollars, to a trust established to provide Saskatchewan with funding to support a full scale commercial demonstration of carbon capture and storage in the coal-fired electricity sector.

• Marginal note:Determination of amount

  (2) The amount that may be provided to Saskatchewan under this section is to be determined in accordance with the terms of the trust indenture establishing the trust.

• Marginal note:Payments out of C.R.F.

  (3) Any amount payable under this section may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Finance, at the times and in the manner that the Minister of Finance considers appropriate.

Payment to Nova Scotia for Carbon Storage

Marginal note:Maximum payment of $5,000,000

139. There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Finance, a sum not exceeding five million dollars to Nova Scotia to support geological research examining the potential for carbon storage in the province.

Canada Social Transfer Transition Protection Payment to Saskatchewan

Marginal note:Payment of $31,204,000

140. There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Finance, the sum of thirty-one million, two hundred and four thousand dollars to Saskatchewan.

Canada Social Transfer Transition Protection Payment to Nunavut

Marginal note:Payment of $705,000

141. There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Finance, the sum of seven hundred and five thousand dollars to Nunavut.

PART 9PAYMENTS TO CERTAIN ENTITIES

Genome Canada

Marginal note:Maximum payment of $140,000,000

142. There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Industry, a sum not exceeding one hundred and forty million dollars to Genome Canada for its use.

Mental Health Commission of Canada

Marginal note:Maximum payment of $110,000,000

• 143. (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

• 144. (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

• 145. (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 10VARIOUS AMENDMENTS

R.S., c. B-2Bank of Canada Act

Marginal note:1999, c. 28, s. 95(1); 2001, c. 9, s. 194(2)

• 146. (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.

Marginal note:2001, c. 9, s. 195

147. Section 19 of the Act is replaced by the following: