Marginal note:Borrowing and lending
(a) for the borrowing of money by the Commissioner on behalf of Yukon for territorial, municipal or local purposes;
(b) for the lending of money by the Commissioner to any person in Yukon; and
(c) for the investing by the Commissioner of surplus money standing to the credit of the Yukon Consolidated Revenue Fund.
(2) The aggregate of all borrowings must not exceed the maximum amount set under subsection (4).
Marginal note:Charge on Yukon C.R.F.
(3) The repayment of money borrowed under a law made under paragraph (1)(a), and the payment of interest on that money, is a charge on and payable out of the Yukon Consolidated Revenue Fund.
Marginal note:Maximum amount — borrowings
(4) The Governor in Council may, on the recommendation of the Minister of Finance, set the maximum amount of the aggregate of all borrowings.
(5) The Governor in Council may, on the recommendation of the Minister of Finance, make regulations respecting borrowings for the purposes of subsections (2) and (4), including regulations respecting
- 2002, c. 7, s. 23;
- 2012, c. 19, s. 216.
Marginal note:Withholding of assent
Marginal note:Consent of Governor in Council
(2) A bill in respect of which a direction has been given may not become law without the Governor in Council’s assent, which assent may not be given later than one year after the day on which the bill is adopted by the Legislative Assembly.
Marginal note:Transmittal of laws
(2) The Governor in Council may disallow any law made by the Legislature or any provision of any such law at any time within one year after it is made.
Marginal note:Conflicting laws
26 In the event of a conflict between a law of the Legislature and a federal enactment, the federal enactment prevails to the extent of the conflict.
Marginal note:Official languages
27 (1) The ordinance entitled the Languages Act made on May 18, 1988 under the former Act and any successor to it may not be repealed, amended or otherwise rendered inoperable by the Legislature without the concurrence of Parliament by way of an amendment to this Act.
Marginal note:Additional rights and services
(2) Nothing in subsection (1) shall be construed as preventing the Commissioner or any other public officer or the Legislature or any other institution of the Yukon Government — whether by amending the ordinance referred to in that subsection, without the concurrence of Parliament, or by any other means — from granting rights in respect of, or providing services in, English and French or any languages of the aboriginal peoples of Canada in addition to the rights and services provided for in that ordinance.
Yukon Consolidated Revenue Fund
Marginal note:Establishment of fund
Marginal note:Establishment of bank accounts
(2) The member of the Executive Council designated for that purpose by a law of the Legislature shall establish, in the name of the Yukon Government, accounts with banks, or authorized foreign banks within the meaning of section 2 of the Bank Act that are not subject to the restrictions and requirements referred to in subsection 524(2) of that Act, in respect of their business in Canada, that the member designates for the deposit of public moneys and revenue.
Marginal note:Recommendation of Commissioner
29 It is not lawful for the Legislative Assembly to adopt or pass any vote, resolution, address or bill for the appropriation of any part of the public revenue, or of any tax, for any purpose that has not been first recommended to the Legislative Assembly by message of the Commissioner, in the session in which the vote, resolution, address or bill is proposed.
Marginal note:Appropriation of moneys granted by Parliament
30 When a sum of money is granted to Her Majesty in right of Canada by Parliament to defray expenses for a specified public service in Yukon, the power of appropriation by the Legislature over that sum is subject to the specified purpose for which it is granted.
Yukon Public Accounts
Marginal note:Fiscal year
31 The Yukon Government’s fiscal year is the period beginning on April 1 in one year and ending on March 31 in the next year.
Marginal note:Submission of Yukon Public Accounts to Legislative Assembly
32 The Commissioner, with the consent of the Executive Council, shall, on or before such day of the fiscal year as the Legislative Assembly may fix, lay before the Legislative Assembly a report called the Yukon Public Accounts for the preceding fiscal year and the Legislative Assembly shall consider the report.
Marginal note:Form and contents
33 The Yukon Public Accounts shall be prepared in any form that the Commissioner, with the consent of the Executive Council, directs. They shall be prepared in accordance with accounting principles recommended for the public sector by the Canadian Institute of Chartered Accountants or its successor and shall include
(a) consolidated financial statements for the Yukon Government that present
(b) the opinion of the Auditor General of Canada referred to in subsection 34(1); and
(c) any other information or statements that are required in support of the consolidated financial statements by or under any law of the Legislature.
Marginal note:Annual audit
34 (1) The Auditor General of Canada shall audit the accounts, including those related to the Yukon Consolidated Revenue Fund, and financial transactions of the Yukon Government in each fiscal year in accordance with auditing standards recommended by the Canadian Institute of Chartered Accountants or its successor and shall express his or her opinion as to whether
(a) the consolidated financial statements present fairly, in all material respects and in accordance with accounting principles recommended for the public sector by that Institute or its successor, the financial position of the Yukon Government as at the end of the fiscal year and the results of its operations in, and changes in its financial position for, the fiscal year; and
(b) the transactions of the Yukon Government that have come to the notice of the Auditor General in the course of the audit are within the powers of the Yukon Government under this or any other Act.
(2) The Auditor General shall report to the Legislative Assembly any matter falling within the scope of the audit that, in his or her opinion, should be reported to the Assembly.
Marginal note:Supplementary report
35 The Auditor General of Canada may, at any time, inquire into and submit a supplementary report to the Legislative Assembly about any matter relating to the activities of the Yukon Government, including whether
(a) accounts have not been faithfully and properly maintained or public money has not been fully accounted for or paid, where so required by law, into the Yukon Consolidated Revenue Fund;
(b) essential records have not been maintained or the rules and procedures applied have been insufficient to safeguard and control public property, to secure an effective check on the assessment, collection and proper allocation of the revenue and to ensure that expenditures have been made only as authorized;
(c) money has been expended for purposes other than those for which it was appropriated by the Legislature or has been expended without due regard to economy or efficiency; or
(d) satisfactory procedures have not been established to measure and report the effectiveness of programs, where such procedures could appropriately and reasonably be implemented.
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