WHEREAS it appears by Message from the Honourable the Lieutenant Governor and the main Estimates accompanying the Message, as laid before the Legislative Assembly on May 3,  2011 at the present session, that provision is required to defray certain expenses of the public service of the Province, and for other purposes connected with the public service, for the fiscal year ending March 31, 2012;

AND WHEREAS the budget documents, as laid before the Legislative Assembly at the present session, disclose that the most likely forecast of a deficit of the government reporting entity for the fiscal year ending March 31, 2012 is $575 000 000;

AND WHEREAS those budget documents include a $350 000 000 forecast allowance to provide for unanticipated fluctuations in revenues and expenses of the government reporting entity that increases the forecast deficit of the government reporting entity for the fiscal year ending March 31, 2012 to $925 000 000;

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

Voted expenses appropriation

1  From and out of the consolidated revenue fund there may be paid and applied in the manner and at the times the government may determine the sum of $34 214 819 000 as set forth in Schedule 1, towards defraying the charges and expenses of the public service of the Province for the fiscal year ending March 31, 2012, the sum to include that authorized to be paid under section 1 of the Supply Act (No. 1), 2011.

Voted financing transactions appropriation

2  From and out of the consolidated revenue fund there may be paid and applied in the manner and at the times the government may determine the sum of $742 726 000 towards

(a) capital expenditures referred to in Schedule C of the main Estimates as laid before the Legislative Assembly on May 3, 2011 at the present session, and

(b) the disbursements for loans, investments and other requirements referred to in Schedule D of those main Estimates,

as set forth in Schedule 2, towards defraying the charges and expenditures of the public service of the Province for the fiscal year ending March 31, 2012, the sum to include that authorized to be paid under section 2 of the Supply Act (No. 1), 2011.

Commencement on Royal Assent

3  This Act comes into force on the date of Royal Assent.

Schedule 1

2011/2012 Schedule of Voted Expenses

Sums granted to Her Majesty for the fiscal year ending March 31, 2012 and the purposes for which they are granted

Schedule 2

2011/2012 Schedule of Voted Financing Transactions

Sums granted to Her Majesty for the fiscal year ending March 31, 2012 and the purposes for which they are granted