Borrowing Authority Act

Marginal note:Exception — amounts not counting towards total

5 The following amounts do not count in the calculation of the amount referred to in paragraph 4(a):

• (a) amounts borrowed by the Minister under an order made under paragraph 46.1(c) of the Financial Administration Act;

• (b) amounts borrowed by the Minister under an order made under paragraph 46.1(a) of that Act for the payment of any amount in respect of a debt that was originally incurred under

  • (i) an order made under paragraph 46.1(c) of that Act, or

  • (ii) paragraph 47(b) of that Act;

• (c) amounts borrowed by the Minister under paragraph 47(b) of that Act; and

• (d) amounts borrowed by the Minister under paragraph 47(a) of that Act for the payment of any amount in respect of a debt that was originally incurred under paragraph 47(b) of that Act.