Guarantees and Indemnities General Regulations

Regulation

Registration: R-073-2013
Source: Unofficial consolidation PDF (justice.gov.nt.ca)
Under: Financial Administration Act

This is an unofficial reading copy parsed from the Department of Justice consolidation PDF above — itself an office consolidation, not an official statement of the law. The authoritative text is in the Revised Statutes of the Northwest Territories, 1988 and the annual Statutes volumes.

Contents

1. 1 2. 2 3. 3 4. 4

These regulations apply to a guarantee or indemnity made by or on behalf of the Government that is authorized by an enactment other than the Financial Administration Act.

(1) A guarantee or indemnity may be made by the Commissioner or the Minister of Finance on behalf of the Commissioner.

(2) Subsection (1) does not apply to a guarantee or indemnity authorized by an enactment in which the enactment authorizes a specific person to make the guarantee or indemnity.

A guarantee or indemnity made by the Commissioner or Minister of Finance under section 2 may be executed by the Commissioner or the Minister of Finance.

(1) A guarantee or indemnity may be made provided such guarantee or indemnity has been recommended by the Board.

(2) Subsection (1) does not apply to an indemnity authorized by an Act in which the maximum liability under the indemnity is specified in the Act. R-073-2013,s.2.