Finance

Agencies, Boards and Commissions

The following entities are considered to be within the purview of the Minister of Finance:

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Atlantic Lottery Corporation

  • The Atlantic Lottery Corporation opens new window (ALC) was established in 1976 to manage the gaming business on behalf of the governments of Nova Scotia, New Brunswick, Newfoundland and Labrador and Prince Edward Island. The business operations of the ALC are guided by a board of directors, which includes an independent non-voting chair and two representatives from each of the four Atlantic Provinces.

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Newfoundland and Labrador Government Money Purchase Pension Plan Committee

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Newfoundland and Labrador Government Sinking Fund – Board of Trustees

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Newfoundland and Labrador Industrial Development Corporation

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Newfoundland and Labrador Liquor Corporation

  • The Newfoundland and Labrador Liquor Corporation opens new window is an independent crown agency of Government responsible for managing and overseeing the manufacture, sale and distribution of beverage alcohol. The NLC is overseen by a Board of Directors consisting of a Chair and six other Board members, one of whom is the President. Board members are appointed by the Minister of Finance, normally for a term of three years. The NLC employs approximately 500 employees and operates 24 corporate Liquor Stores located in most major centers throughout the Province.

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Newfoundland and Labrador Municipal Financing Corporation

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Newfoundland Government Fund Limited – Board of Directors

  • The Board of Directors of the Newfoundland Government Fund Limited (NGFL) is responsible for overseeing the investment activities of the NGFL, which is a Government-administered venture capital fund established under the authority of the Immigration Act (Canada). Its purpose is to raise funds from immigrant investors in order to provide loan and equity capital to establish, expand, or revitalize businesses or commercial ventures in the Province, particularly where there are opportunities to partner with private sector companies for the provision of services and facilities traditionally provided by the public sector. For immigrant investors, in addition to earning a nominal return on their capital, their investment in NGFL helped satisfy a portion of the visa requirements under Canada’s Immigrant Investors Program. Further information is available in the following annual reports and activity plans:
    Annual Reports Activity Plans

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Pension Investment Committee

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