BILL NO. 82

(as introduced)

3rd Session, 61st General Assembly
Nova Scotia
60 Elizabeth II, 2011

Private Member's Bill

Next Generation Act

The Honourable Jamie Baillie
Cumberland South

First Reading: November 8, 2011

(Explanatory Note)

Second Reading:

Third Reading:

This Bill
(a) requires the Minister of Finance to prepare and submit to the House of Assembly an intergenerational report within five years after the coming into force of the Act, and every five years thereafter; and

(b) specifies the content of an intergenerational report.

1 This Act may be cited as the Next Generation Act.

2 Chapter 2 of the Acts of 2010, the Finance Act, is amended by adding immediately after Section 60 the following Section:

60A (1) Within five years after the coming into force of this Section, and every five years thereafter, the Minister shall prepare and submit to the House of Assembly an intergenerational report for the Province.

(2) The Minister shall table the intergenerational report in the House of Assembly if the Assembly is then sitting or, if it is not then sitting, file the report with the Clerk of the Assembly.

(3) The intergenerational report must assess the long term sustainability of current Government policies over the forty-year period following the release of the report, including by taking account of the financial implications of demographic change in the Province.