I would like to make a motion. The motion is to the Budget Measures Implementation Act, 1996-97.
Committee Motion 10-13(3), To Amend Clause 1 Of Bill 10, Defeated
I move that clause 1 of schedule A of Bill 10 be amended by
(a) striking out proposed paragraph 2(b) and by substituting the following:
(b) for the year 1997-98 fiscal year, 0;
(b) striking out proposed section 3 and by substituting the following:
3. (1) If the actual deficit in the 1996-97 fiscal year exceeds the deficit allowed under paragraph 2(a), there must be a surplus in the 1997-98 fiscal year in an amount not less than the amount by which the allowed deficit was exceeded.
(2) If there is a deficit in the 1997-98 fiscal year, and subsection (1) has not operated to require a surplus in that fiscal year, there must be a surplus in the 1998-99 fiscal year in an amount not less than the amount of the deficit for the 1997-98 fiscal year.
(3) If there is a deficit in the 1997-98 fiscal year, and subsection (1) has operated to require a surplus for that fiscal year, there must be a surplus in the 1998-99 fiscal year in an amount not less than the sum of the amount of the deficit for the 1997-98 fiscal year and the amount of the surplus required for that fiscal year by operation of subsection (1).
(4) If there is a surplus in the 1997-98 fiscal year, and subsection (1) has operated to require a greater surplus for that fiscal year, there must be a surplus in the 1998-99 fiscal year in an amount not less than the difference between the surplus required for the 1997-98 fiscal year and the actual surplus.