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Legislative Assembly of New Brunswick
Status of Legislation - First Reading Bill
An Act to Amend the Prescription Drug Payment Act +
 
Legislature :
55
Session :
3
Bill No. :
30
Member :
Mr. Allaby
First Reading :
2005-12-23
Second Reading :
2006-3-29
Committee of the Whole :
Amended :
Third Reading :
Royal Assent :
Download PDF :
  Bill 30         
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Text of Bill :
1 The Prescription Drug Payment Act, chapter P-15.01 of the Acts of New Brunswick, 1975, is amended by adding the following after section 2.5:





2.6 If an income ceiling is referred to in the eligibility requirements under subparagraph 1(a)(ii) or its related regulation, the income ceiling shall be adjusted to the amount calculated using the following formula:



C t+n = C * (1 + CPI t+1) * (1+ CPI t+2) ... * (1 + CPI t+n)



where



C: income ceiling pursuant to subparagraph 1(a)(ii) or its related regulation;

t: 2005;

n: number of years beyond 2005;

CPI: Provincial Consumer Price Index (year over year) as determined by the Department of Finance.
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Legend
* Private Bill
** Bill referred to Standing Committee on Law Amendments
+ Private Member's Public Bill
++ Motion for second reading defeated
+++ Debate at second reading adjourned
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