BILL 47 – 2003
SUPPLY ACT, 2003-2004

Preamble

WHEREAS it appears by Message from the Honourable the Lieutenant Governor and the main Estimates and the Supplementary Estimates accompanying the Message 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, 2004;

AND WHEREAS the budget documents disclose that the most likely forecast of the deficit of the government reporting entity for the fiscal year ending March 31, 2004 is $1 800 000 000;

AND WHEREAS the budget documents include a $500 000 000 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, 2004 to $2 300 000 000;

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 $25 000 261 000 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, 2004, the sum to include that authorized to be paid under section 1 of the Supply Act (No. 1), 2003.

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 $1 280 732 000 towards

(a) the disbursements for prepaid capital advances referred to in Schedule C of the main Estimates,

(b) capital expenditures referred to in Schedule D of the main Estimates, and

(c) the disbursements for loans, investments and other requirements referred to in Schedule E of the 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, 2004, the sum to include that authorized to be paid under section 2 of the Supply Act (No. 1), 2003.

 
Schedule 1

2003/2004 Schedule of Expenses

Sums granted to Her Majesty for the fiscal year ending March 31, 2004 and the purposes for which they are granted

 
Schedule 2

2003/2004 Schedule of Financing Transactions

Sums granted to Her Majesty for the fiscal year ending March 31, 2004 and the purposes for which they are granted