Part 6 — Finance and Property Division 1 Finance
183 Use of unexpended debenture proceeds
(a) debentures have been issued for a capital expenditure, and
(b) on completion of the work or in consequence of its partial
abandonment there remains a balance of funds,
a board shall, by resolution reciting the facts, apply to the Minister
for authority to use that balance for any purpose not authorized by
the bylaw under which the debentures were issued.
(2) Where the board makes an application under subsection (1),
the Minister may, on the terms and conditions that the Minister
considers proper, grant permission to a board to use the balance of
funds for the purpose set out in the application.