Allocation of investments to the Medical Research Future Fund from the Health and Hospitals Fund
13 Allocation of investments to the Medical Research Future Fund from the Health and Hospitals Fund
Before the end of the 28th day after the determination is made under subsection 12(1), the Future Fund Board must:
determine, by writing, sufficient financial assets that were, immediately before that time, investments of the Health and Hospitals Fund that are to be allocated from that Fund to the Medical Research Future Fund, to ensure that the portion of the balance of the Medical Research Future Fund allocated from the Health and Hospitals Fund will equal the amount determined under subsection 12(1); and
ensure that the value of the remaining financial assets of the Health and Hospitals Fund remains in the Health and Hospitals Fund Special Account.
Immediately after the determination under paragraph (1)(a) is made, the financial assets specified in the determination are taken to cease to be investments of the Health and Hospitals Fund and to become investments of the Medical Research Future Fund.
A determination made under paragraph (1)(a) is not a legislative instrument.
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