2000 Legislative Session: 4th Session, 36th Parliament
FIRST READING


The following electronic version is for informational purposes only.
The printed version remains the official version.


HONOURABLE PAUL RAMSEY
MINISTER OF FINANCE AND 
CORPORATE RELATIONS

BILL 2 -- 2000

BUDGET TRANSPARENCY AND ACCOUNTABILITY ACT

Contents

Section  
1  Definitions and interpretation

Part 1 -- Fiscal Plan: Budget and Estimates
2  Budget consultation paper
3  Consultation by select standing committee
4  Economic Forecast Council
5  Estimates content
6  When estimates are to be presented
7  Economic and fiscal forecasts
8  Major capital project information to be presented with the estimates

Part 2 -- Fiscal Reports: Public Accounts and Other Reports
9  Public accounts
10  Quarterly reports
11  Additional disclosure reports in relation to special warrants

Part 3 -- Performance Plans
12  Government strategic plan
13  Performance plans for ministries and government organizations
14  Major capital project plans to be made public at time of commitment

Part 4 -- Performance Reports
15  Annual report on government strategic plan
16  Annual reports for ministries and government organizations

Part 5 -- General
17  Non-compliance statements
18  Making documents public
19  Disclosure requirements
20  Government organizations must provide required information
21  Budget process review
22  Legal proceedings
23  Treasury Board authority
24  Regulation making authority
25-51  Consequential and Related Amendments
52  Staged implementation
53  Commencement

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

Definitions and interpretation

1 (1) In this Act:

"government organization" means a corporation or other organization that is within the government reporting entity, other than the government itself;

"government reporting entity" means

(a) the government as reported through the consolidated revenue fund,

(b) government corporations, other than corporations that are

(i) referred to in paragraphs (b), (c), (c.1) or (c.2) of the definition of "government body" in the Financial Administration Act,

(ii) government corporations solely by reason of being under an Act an agent of the government, or

(iii) prescribed as being excluded under section 24 (2) (d), and

(c) other organizations prescribed as being included under section 24 (2) (d);

"minister" means

(a) a member of the Executive Council,

(b) in the case of a reference to "the minister", the minister assigned responsibility for the administration of the provision, or

(c) in the case of a reference to "responsible minister", the minister who is the appropriate minister within the meaning of section 24 of the Financial Administration Act;

"ministry" means

(a) a ministry of the executive government of British Columbia, or

(b) any part of the executive government of British Columbia not within a ministry that is designated by the Lieutenant Governor in Council as a ministry for the purposes of this Act;

"public accounts" means the public accounts under section 9;

"quarterly report" means a report under section 10;

"secretary to Treasury Board" means

(a) the person appointed under section 3 (2) of the Financial Administration Act, or

(b) if no person is appointed under that provision, the deputy minister to the minister;

"self-supported government enterprise" means a corporation that

(a) is within the government reporting entity,

(b) is carrying on a business,

(c) provides goods and services to persons outside the government reporting entity as its principal activity, and

(d) in the normal course of its operations, maintains its operations and meets its liabilities substantially from revenue from sources outside the government reporting entity;

"staff utilization" means, for a fiscal year, the full time equivalent of the number of persons employed in the fiscal year whose salaries are paid directly by the taxpayer-supported government reporting entity;

"taxpayer-supported government reporting entity" means the government reporting entity excluding self-supported government enterprises.

(2) To the extent that this Act or regulations under this Act do not otherwise define a word or expression used in this Act, the definitions in the Financial Administration Act apply.

(3) Where this Act refers to an action of the government reporting entity, or of the taxpayer-supported government reporting entity, the reference is to be read as an action of the government or of one or more government organizations included within the entity, or both, as applicable.


Part 1 -- Fiscal Plan: Budget and Estimates

Budget consultation paper

2 (1) Not later than October 31 in each year, the minister must make public a budget consultation paper.

(2) The consultation paper must

(a) present a fiscal forecast, including a description of the major economic and policy assumptions underlying that forecast, for the government reporting entity,

(b) indicate the key issues that the minister considers need to be addressed in the next budget, and

(c) include information on how members of the public may provide their views on those issues.

Consultation by select standing committee

3 (1) On being made public, the budget consultation paper under section 2 stands referred to the appropriate select standing committee of the Legislative Assembly.

(2) Not later than December 31 in the year, the select standing committee to which the budget consultation paper is referred must conduct consultations as it considers appropriate and make public a report on the results of those consultations.

(3) For the purposes of this section, the select standing committee may meet and conduct its business regardless of whether or not the Legislative Assembly is in session.

Economic Forecast Council

4 (1) The Economic Forecast Council is continued for the purpose of advising the minister on economic growth forecasts.

(2) The council consists of at least 12 persons appointed by order of the minister and selected for their knowledge of the economy of British Columbia and their expertise in economic analysis and forecasting.

(3) An employee of the government reporting entity is not eligible for appointment under subsection (2).

(4) Subject to subsection (5), the members of the council hold office for a term of at least 3 years, to be set by the minister.

(5) A member who is identified in the appointment order by reference to his or her position in an organization ceases to be a member if he or she ceases to hold that position in that organization.

(6) The members may be paid reasonable and necessary expenses that arise directly out of the performance of their duties as council members.

Estimates content

5 (1) The main estimates for a fiscal year must be prepared in accordance with this section and with the accounting policies as established by Treasury Board.

(2) The main estimates for a fiscal year must include the following:

(a) for the government, the proposed Supply Act appropriations for the fiscal year;

(b) for the government reporting entity, for both the fiscal year and the preceding fiscal year,

(i) a statement of the forecast revenues and expenses and the resulting forecast surplus or deficit, and

(ii) schedules of

(A) a reconciliation of that surplus or deficit with the forecast change in debt,

(B) a forecast of the balance sheet as at the end of each of those fiscal years, and

(C) a forecast of total revenues and total expenses, before netting of revenues against expenses or expenses against revenue;

(c) for the taxpayer-supported government reporting entity, for the fiscal year and for the preceding fiscal year, a forecast of staff utilization;

(d) for government organizations that are not self-supported government enterprises, the forecast of revenues and expenses for each organization whose revenues or expenses are of a material amount in the fiscal year and the preceding fiscal year;

(e) a summary of the accounting policies of the government reporting entity as established by Treasury Board and disclosure of any material variance of those policies from generally accepted accounting principles for senior governments in Canada;

(f) any other information the minister considers appropriate.

(3) Nothing in this section requires the Legislative Assembly to vote appropriations other than in respect of the consolidated revenue fund.

When estimates are to be presented

6 (1) Subject to subsection (2), the minister must present the main estimates for a fiscal year to the Legislative Assembly

(a) at the same time as the budget for the fiscal year, and

(b) such that the budget debate can reasonably be anticipated to be completed in accordance with the Standing Orders of the Legislative Assembly before the start of that fiscal year.

(2) If, in the opinion of the minister, compliance with subsection (1) is not practicable because

(a) a general election is underway or has recently been completed,

(b) a new Premier has taken office after February 15 in the fiscal year, or

(c) a federal budget

(i) has been presented after February 15, and

(ii) has materially changed the fiscal forecast for the government reporting entity for the next fiscal year,

the main estimates for that fiscal year must be presented as soon as reasonably practicable.

Economic and fiscal forecasts

7 (1) At the same time that the main estimates for a fiscal year are presented, the minister must also present the following to the Legislative Assembly:

(a) the economic and fiscal forecasts for that year;

(b) a statement of all material assumptions and policy decisions underlying the economic and fiscal forecasts for that year;

(c) a report on the advice received from the Economic Forecast Council under section 4, including the range of economic forecasts for the calendar year in which those estimates are presented and for the following calendar year;

(d) a statement, signed by the secretary to Treasury Board, that the disclosure requirements under paragraphs (a) to (c) have been met or explaining how those requirements have not been met;

(e) if the fiscal forecast is different from what that the minister believes is the most likely fiscal result, a statement of adjustments to that result.

(2) The minister must, in the preamble to the final Supply Bill for the main estimates for a fiscal year, propose to include a reference to the adjustment statement under subsection (1) (e).

Major capital project information to be presented with the estimates

8 (1) Subject to section 19 (5) [exception if disclosure would be harmful], for any project where the government reporting entity, directly or indirectly,

(a) has made commitments, or

(b) anticipates making commitments

that will, in total, exceed $50 million towards the capital cost of the project, the minister must present to the Legislative Assembly, at the same time that the main estimates are presented, a statement of the current and anticipated total cost to the entity in relation to the capital cost of the project.

(2) For the purposes of subsection (1), a commitment includes

(a) the amount of any money,

(b) the value of any land, facilities, rights or other benefits, and

(c) the amount of any guarantees,

contributed, made in respect of or otherwise provided, or anticipated to be provided, by the government reporting entity towards the capital cost of the project.

(3) The obligation under subsection (1) ends when no further cost to the government reporting entity in relation to the capital cost of the project is anticipated.


Part 2 -- Fiscal Reports: Public Accounts and Other Reports

Public accounts

9 (1) Annual public accounts for each fiscal year must be prepared in accordance with this section and with the accounting policies as established by Treasury Board.

(2) The public accounts for a fiscal year must include the following:

(a) for the government reporting entity, for the fiscal year and the preceding fiscal year, financial statements of

(i) the revenues and expenses and the resulting surplus or deficit,

(ii) the balance sheet as at the end of those fiscal years, and

(iii) changes in cash and temporary investments;

(b) for the government reporting entity, a supplementary schedule that includes amounts held and administered in trust;

(c) for the taxpayer-supported government reporting entity,

(i) a statement of the debt guaranteed by that entity as at the end of the fiscal year, and

(ii) a supplementary schedule that includes staff utilization for that fiscal year;

(d) for the government as reported through the consolidated revenue fund, supplementary schedules that include

(i) appropriations for the fiscal year compared to the actual expenditures for that fiscal year,

(ii) assets, debts and obligations written off in that fiscal year under section 17 of the Financial Administration Act,

(iii) debts and obligations forgiven in that fiscal year under section 18 of the Financial Administration Act,

(iv) remissions made in that fiscal year under section 19 of the Financial Administration Act, and

(v) information required by

section 25 (2) [amounts received by government],

section 26 (3) [liabilities in excess of appropriation],

section 70 (2) and (3) [borrowing transactions and leases], and

section 74 (3) [payments on guarantees and indemnities]

of the Financial Administration Act;

(e) a summary of the accounting policies of the government reporting entity as established by Treasury Board and disclosure of any material variance of those policies from generally accepted accounting principles for senior governments in Canada;

(f) other information required to be included in the public accounts by Treasury Board or by this or any other Act;

(g) other information the minister considers appropriate;

(h) the report of the Auditor General as required by section 10 of the Auditor General Act.

(3) By August 31 in each year, the minister must make public the public accounts for the previous fiscal year.

Quarterly reports

10 (1) Quarterly reports must be prepared in accordance with this section and with the accounting policies as established by Treasury Board.

(2) Each quarterly report must include the following:

(a) for the government reporting entity, statements of

(i) the revenues and expenses, and the resulting surplus or deficit, for the period from April 1 in the fiscal year to which the report applies to the end of the quarter to which the report applies,

(ii) the debt at the end of the quarter to which the report applies, and

(iii) in respect of the items referred to in subparagraphs (i) and (ii),

(A) the anticipated amounts, in respect of that fiscal year, through that quarter, and

(B) the actual amounts, in respect of the previous fiscal year, through the comparable quarter;

(b) for the government reporting entity, statements of

(i) the forecast of revenues and expenses and the resulting surplus or deficit for the fiscal year to which the quarterly report applies,

(ii) the forecast of the debt as at the end of that fiscal year, and

(iii) in respect of the items referred to in subparagraphs (i) and (ii),

(A) the amounts provided in the estimates in respect of that fiscal year, and

(B) the actual amounts in respect of the previous fiscal year;

(c) a supplementary schedule that presents a forecast of staff utilization of the taxpayer-supported government reporting entity for the fiscal year to which the quarterly report applies;

(d) other information the minister considers appropriate.

(3) A quarterly report must be made public on or before

(a) September 15, in respect of the first 3 months of the fiscal year,

(b) November 30, in respect of the first 6 months of the fiscal year,

(c) February 28, in respect of the first 9 months of the fiscal year, and

(d) May 31, in respect of the preceding fiscal year, if estimates for the current fiscal year have not been presented to the Legislative Assembly by that date.

Additional disclosure reports in relation to special warrants

11 (1) If a special warrant is issued under section 24 (2) of the Financial Administration Act in respect of appropriations for a fiscal year in amounts that are additional to those appropriated by a Supply Act for the fiscal year, within 2 days after the special warrant is issued, the minister must make public a revised forecast of revenue and expense for the government reporting entity for that fiscal year.

(2) A revised forecast is not required under subsection (1) if a quarterly report has been made public within 30 days before the date that the special warrant is issued.


Part 3 -- Performance Plans

Government strategic plan

12 On or before the date when the main estimates are presented to the Legislative Assembly, a minister must make public strategic plan documents that

(a) set out the government's priorities,

(b) identify specific objectives and expected results,

(c) provide a fiscal forecast for the government reporting entity for the fiscal year for which the estimates are presented and the following 2 fiscal years, including a description of the major economic and policy assumptions underlying that forecast, and

(d) present other information that minister considers appropriate.

Performance plans for ministries and government organizations

13 (1) Annual performance plans for each ministry and each government organization must be made public in accordance with this section.

(2) In the case of a performance plan for a ministry, the plan must

(a) cover the ministry and other appropriations of the responsible minister,

(b) be made public by the responsible minister by April 30 in each fiscal year, and

(c) address that fiscal year and the following 2 fiscal years.

(3) In the case of a performance plan for a government organization, the plan must

(a) be made public by the responsible minister by April 30 in each fiscal year of the organization, and

(b) address that fiscal year and the following 2 fiscal years.

(4) Subject to section 19 (5) [exception if disclosure would be harmful], a performance plan under this section must be consistent with the current government strategic plan and must

(a) include a statement of goals,

(b) identify specific objectives and performance measures,

(c) in relation to a project to which section 14 [major capital project plans] applies, include the information required under that section,

(d) present other prescribed information, if applicable, and

(e) include other information the responsible minister or government organization considers appropriate.

Major capital project plans to be made public at time of commitment

14 Subject to section 19 (5) [exception if disclosure would be harmful], within one month after commitments have been made such that statements of cost under section 8 [major capital project information to be presented with the estimates] are required with the next main estimates, the responsible minister in relation to the project must make public a major capital project plan stating

(a) the objectives of the project,

(b) the costs and benefits for the project, and

(c) the risks associated with those costs and benefits.


Part 4 -- Performance Reports

Annual report on government strategic plan

15 On or before the date when the public accounts are made public, a minister must make public an annual report that, for the fiscal year of the public accounts, compares actual results of the government's strategic plan under section 12 with the expected results of the strategic plan for that fiscal year.

Annual reports for ministries and government organizations

16 (1) Annual reports for each ministry and each government organization must be made public in accordance with this section.

(2) In the case of an annual report for a ministry, the report must

(a) cover the ministry and other appropriations of the responsible minister,

(b) compare actual results for the preceding fiscal year with the expected results identified in the performance plan under section 13 for that fiscal year, and

(c) be made public by the responsible minister by June 30 in the current fiscal year.

(3) In the case of an annual report for a government organization, the plan must

(a) compare actual results for the preceding fiscal year with the expected results identified in the performance plan under section 13 for that fiscal year, and

(b) be made public by the responsible minister by the earlier of June 30 and 4 months after the end of the preceding fiscal year of the government organization.

(4) If another Act requires a responsible minister to present a report to the Legislative Assembly respecting the activities of a ministry or government organization for a fiscal year, the report under this section satisfies that requirement subject to any additional reporting requirements established by the other Act.

(5) An annual report under this section may be combined with a performance plan under section 13, so long as the performance plan is made public in accordance with that section.


Part 5 -- General

Non-compliance statements

17 If a document required to be made public under this Act

(a) is not made public within the required time,

(b) does not include all the required information, or

(c) does not present the information in the required manner,

then, at the time the document is required to be made public, the responsible minister must make public a written statement giving the reasons for the non-compliance.

Making documents public

18 (1) If a person is required to make a document public under this Act, the person meets that obligation by

(a) laying the document before the Legislative Assembly, and

(b) making the document available to the general public in a reasonable manner, which may include by electronic means.

(2) If the Legislative Assembly is not sitting at the applicable time, the obligation under subsection (1) (a) is met by filing the document with the Clerk of the Legislative Assembly.

Disclosure requirements

19 (1) The disclosure requirements under this Act are additional to any other requirements established by another Act.

(2) In preparing documents to be made public under this Act, all reasonable efforts must be made to present the information in a form and language that is as precise and as readily understandable as practicable.

(3) To the extent reasonably possible,

(a) if this Act requires information to be made public respecting planning and later respecting results in relation to the same matter, the information must be presented in a readily comparable manner, and

(b) the information contained in a performance plan and annual report under this Act for one organization must be readily comparable to information contained in the performance plans and annual reports of other organizations to which this Act applies.

(4) The terms "surplus" and "deficit" must not be used in a document required to be made public under this Act to refer to the surplus or deficit of the consolidated revenue fund.

(5) Despite any other provision of this Act, disclosure of specific information

(a) is not required, if the information would not be required to be disclosed under the Freedom of Information and Protection of Privacy Act, and

(b) is prohibited, if the information would be prohibited from being disclosed under that Act.

Government organizations must provide required information

20 (1) Government organizations must provide

(a) in the case of performance plans, major capital project plans and annual reports, the minister who is the responsible minister in relation to those plans and reports, and

(b) in other cases, the minister assigned responsibility for the administration of this Act,

with the documents and other information required for that minister to comply with the requirements of this Act.

(2) Without limiting subsection (1), for the purposes of this Act, the applicable minister may require a government organization to provide information as requested by that minister and may establish a date by which the information must be provided.

(3) If information is required under subsection (2), the government organization must provide the information to the applicable minister

(a) by the date established under subsection (2), or

(b) if no date is established, as soon as reasonably practicable.

(4) If a government organization does not provide the information required or requested in accordance with this section, a person authorized in writing by the applicable minister may examine the books, records of account, documents and other records of the government organization for the purpose of obtaining the information.

(5) If an examination is authorized under subsection (4), the government organization and every officer and employee of it must take all necessary steps to

(a) make available the facilities and records of the organization, and

(b) assist in the conduct of the examination.

(6) A person must not hinder or obstruct the person conducting an examination under subsection (4).

Budget process review

21 (1) By September 30 in each year, the minister and the Auditor General must each make public a report on the implementation of the recommendations made by the Final Report of the Budget Process Review Panel, as submitted to the Speaker of the Legislative Assembly.

(2) The obligations of the minister under subsection (1) in relation to a recommendation in the Final Report end when

(a) in the opinion of the minister, the recommendation has been implemented, or

(b) a report of the minister under that subsection states that the recommendation will not be implemented by the government.

(3) The obligations of the Auditor General under subsection (1) in relation to a recommendation in the Final Report end when, in the opinion of the Auditor General,

(a) the recommendation has been implemented, or

(b) a report of the minister referred to in subsection (2) (b) makes further comment by the Auditor General unnecessary.

(4) By April 30, 2009, the minister must appoint a panel to review the budget process, scope of the budget and information provided in the budget plan.

(5) The report under subsection (4) must be made public by September 30, 2009.

Legal proceedings

22 (1) No action or other proceeding may be brought in respect of an obligation established by or under this Act, except for an obligation under section 20 [government organizations must provide required information].

(2) Section 5 of the Offence Act does not apply to this Act.

Treasury Board authority

23 Without limiting its authority under the Financial Administration Act, for the purposes of this Act, Treasury Board may make regulations or issue directives respecting

(a) accounting policies and practices for the government reporting entity, and

(b) subject to any regulations under section 24, the form and content of documents required to be made public under this Act.

Regulation making authority

24 (1) The Lieutenant Governor in Council may make regulations referred to in section 41 of the Interpretation Act.

(2) Without limiting subsection (1), the Lieutenant Governor in Council may make regulations as follows:

(a) defining a word or expression used in this Act;

(b) exempting a government organization from the application of one or more of sections 13 [performance plans], 14 [major capital project plans] and 16 [annual reports];

(c) prescribing information that must be included in a performance plan under section 13;

(d) on the recommendation of the minister after consultation with the Auditor General, excluding an organization from or including an organization in the government reporting entity.

(3) If a regulation under subsection (2) (d) is made, the minister must make public as soon as practicable a statement of the reasons for making the recommendation.


Consequential and Related Amendments


Auditor General Act

25 Section 10 of the Auditor General Act, R.S.B.C. 1996, c. 23, is repealed and the following substituted:

Report on financial statements and public accounts

10 (1) The Auditor General must report annually to the Legislative Assembly on the financial statements of the government reporting entity under the Budget Transparency and Accountability Act.

(2) The report must state

(a) whether all of the information and explanations required by the Auditor General have been received, and

(b) whether, in the opinion of the Auditor General, the financial statements

(i) present fairly the financial position, results of operations and changes in financial position of the government reporting entity in accordance with the stated accounting policies, and

(ii) are on a basis consistent with that of the preceding year.

(3) If the report of the Auditor General does not contain the unqualified opinion required under this section, the Auditor General must state the reasons why.

26 Section 11 (2) is repealed and the following substituted:

(2) In the report the Auditor General must also include

(a) an assessment of whether the financial statements of the government reporting entity are prepared in accordance with the most appropriate basis of accounting for the purpose of fair presentation and disclosure, and

(b) if, in the opinion of the Auditor General, the financial statements were not prepared in accordance with the most appropriate basis of accounting, an analysis of what the impact on the statements would have been if that basis had been used.

(3) In the report the Auditor General may also include an assessment of whether a program being administered by a ministry is being administered economically and efficiently.


British Columbia Railway Act

27 Section 5 of the British Columbia Railway Act, R.S.B.C. 1996, c. 36, is amended by adding the following subsection:

(3) A subsidiary as defined in section 1 of this Act is a government corporation for the purposes of the Budget Transparency and Accountability Act.


Columbia Basin Trust Act

28 Section 14 (2) of the Columbia Basin Trust Act, R.S.B.C. 1996, c. 53, is repealed and the following substituted:

(2) The Financial Administration Act and the Budget Transparency and Accountability Act apply to the corporation as if the corporation were a government corporation.


Financial Administration Act

29 Section 1 of the Financial Administration Act, R.S.B.C. 1996, c. 138, is amended by adding the following definitions:

"estimates" means the estimates of revenue and expenditure for a fiscal year presented to the Legislative Assembly, being

(a) the main estimates presented annually, and

(b) any supplementary estimates for the fiscal year;

"public accounts" means the public accounts under section 9 of the Budget Transparency and Accountability Act; .

30 Section 4 (1) (a) is repealed and the following substituted:

(a) accounting policies and practices; .

31 Section 5 (3) is repealed.

32 Section 9 (f) is repealed and the following substituted:

(f) prepare the public accounts and any other financial statements and reports required of the Comptroller General by the Minister of Finance and Corporate Relations or Treasury Board; .

33 Sections 10, 11 and 11.1 are repealed.

34 Section 23 (1) is repealed.

35 Section 24 is amended by adding the following subsection:

(2.1) If a special warrant is issued for an expenditure that is additional to amounts already appropriated for the current fiscal year, within 2 days after the special warrant is issued the appropriate minister must make public in accordance with the Budget Transparency and Accountability Act a report that

(a) indicates when the minister became aware that the expenditure would be required,

(b) identifies the options that were considered by the minister in relation to the matter, and

(c) why the option of a special warrant was chosen.

36 Section 26 (3) (b) is repealed and the following substituted:

(b) must be reported in the public accounts for the fiscal year in which the expenditure occurred.


Financial Information Act

37 Section 2 of the Financial Information Act, R.S.B.C. 1996, c. 140, is repealed and the following substituted:

Statement of financial information

2 (1) A corporation must prepare statements of financial information in accordance with this section in a form and containing information prescribed by the Lieutenant Governor in Council.

(2) Within 3 months after the end of each fiscal year of a corporation, it must prepare a statement of financial information for that fiscal year that includes the following:

(a) a statement of assets and liabilities;

(b) an operational statement;

(c) a schedule of debts;

(d) a schedule of guarantee and indemnity agreements.

(3) Within 6 months after the end of each fiscal year of a corporation, it must prepare a statement of financial information for that fiscal year that includes the following:

(a) a schedule showing

(i) in respect of each employee earning more than a prescribed amount, the total remuneration paid to the employee and total amount paid for the employee's expenses, and

(ii) a consolidated total of all remuneration paid to all other employees;

(b) a schedule showing

(i) the total amount paid to each supplier of goods or services during the fiscal year that is greater than a prescribed amount, and

(ii) a consolidated total of all other payments made to suppliers of goods or services during that fiscal year.

(4) A corporation must

(a) keep in its office copies of the financial information statements prepared under this section, and

(b) make a copy available at its head office during usual business hours for inspection by any person.

(5) On the request of the minister and without charge, a corporation must supply the statements of financial information prepared under this section to the minister or to any person whom the Minister of Finance and Corporate Relations requests be supplied with that statement.

(6) If requested by a member of the public, a corporation must provide a copy of a statement of financial information prepared under this section on payment of the prescribed fee.

38 Section 4 (1) (b) is amended by striking out "the statement of financial information" and substituting "a statement of financial information".

39 Section 5 (2) (b) and (c) is repealed and the following substituted:

(b) determining the minimum financial limits and classifications for the reporting under section 2 (3) (a) and (b);

(c) prescribing fees for the purposes of section 2 (6); .


Hydro and Power Authority Act

40 Section 32 (7) of the Hydro and Power Authority Act, R.S.B.C. 1996, c. 212, is amended by adding the following paragraph:

(b.1) the Budget Transparency and Accountability Act; .


Ministry of Agriculture and Food Act

41 Section 8 of the Ministry of Agriculture and Food Act, R.S.B.C. 1996, c. 296, is repealed.


Ministry of Consumer and Corporate Affairs Act

42 Section 5 of the Ministry of Consumer and Corporate Affairs Act, R.S.B.C. 1996, c. 297, is repealed.


Ministry of Energy, Mines and Petroleum Resources Act

43 Section 22 of the Ministry of Energy, Mines and Petroleum Resources Act, R.S.B.C. 1996, c. 298, is repealed.


Ministry of Environment Act

44 Section 7 of the Ministry of Environment Act, R.S.B.C. 1996, c. 299, is repealed.


Ministry of Health Act

45 Section 6 of the Ministry of Health Act, R.S.B.C. 1996, c. 301, is repealed.


Ministry of Industry and Small Business Development Act

46 Section 4 of the Ministry of Industry and Small Business Development Act, R.S.B.C. 1996, c. 302, is repealed.


Ministry of Intergovernmental Relations Act

47 Section 5 of the Ministry of Intergovernmental Relations Act, R.S.B.C. 1996, c. 303, is repealed.


Ministry of International Business and Immigration Act

48 Section 6 of the Ministry of International Business and Immigration Act, R.S.B.C. 1996, c. 304, is repealed.


Ministry of International Trade, Science and Investment Act

49 Section 4 of the Ministry of International Trade, Science and Investment Act, R.S.B.C. 1996, c. 305, is repealed.


Ministry of Lands, Parks and Housing Act

50 Section 4 of the Ministry of Lands, Parks and Housing Act, R.S.B.C. 1996, c. 307, is repealed.


Ministry of Provincial Secretary and Government Services Act

51 Section 8 of the Ministry of Provincial Secretary and Government Services Act, R.S.B.C. 1996, c. 309, is repealed.

Staged implementation

52 The following sections first apply for the purposes of the 2001-2002 fiscal year:

section 8 [major capital project information];

section 12 [government strategic plan];

section 13 [performance plans for ministries and government organizations];

section 15 [annual report on government strategic plan];

section 16 [annual reports for ministries and government organizations].

Commencement

53 Section 14 [major capital project plans] comes into force on October 1, 2000.



Explanatory Note

In response to the Final Report of the Budget Process Review Panel, the Bill establishes the accountability framework and requirements for government and government-related organizations.

The Bill proposes:


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