Skip to content
New BrunswickBill 48Royal Assent

Bill 48: Loan Act 2026

Sponsor: Hon. René LegacyIntroduced May 26, 2026Checked September 4, 2026
Read the official textOfficial version — Legislative Assembly of New Brunswick

What this bill does

This bill authorizes the New Brunswick government to borrow up to $3.1 billion to fund public services, pay down provincial debt, and finance government-approved public works projects.

Plain-language summary by Legisail — not legal advice.

Business impact

This bill primarily affects the provincial government's own borrowing capacity rather than private businesses directly. However, businesses that work on government contracts — such as construction firms, engineering companies, and infrastructure suppliers operating in New Brunswick — may see opportunities tied to public works spending enabled by this borrowing authority. Larger companies bidding on provincial projects and smaller local contractors alike could be indirectly affected depending on how the borrowed funds are deployed. There is no direct regulatory or operational change imposed on private sector businesses.

Does this apply to you?

Your own business or clients you watch for — tell Legisail what matters and it checks every bill and regulation against it.

Check for free

Where this bill is

First ReadingMay 26, 2026
Second ReadingJune 10, 2026
CommitteeJune 10, 2026
Third ReadingJune 10, 2026
Royal AssentJune 12, 2026
Now law — awaiting coming into force

Legisail watches this for you

Tell Legisail about your business and it checks every new bill and regulation against it — you only hear about the ones that matter.

Create a free accountFree · 30 seconds · No credit card

At a glance

Bill number
NB-048
Type
Government
Jurisdiction
New Brunswick
Session
61-2
Official record