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New BrunswickBill 48In Force

Bill 48: Loan Act 2026

Sponsor: Hon. René LegacyIntroduced May 26, 2026Checked October 18, 2026
Read the official textOfficial version — Legislative Assembly of New Brunswick

Latest development

Came into force on .

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.

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Where this bill is

First ReadingMay 26, 2026
Second ReadingJune 10, 2026
CommitteeJune 10, 2026
Third ReadingJune 10, 2026
Royal AssentJune 12, 2026

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At a glance

Bill number
48
Type
Government
Jurisdiction
New Brunswick
Session
61-2
Takes effect
In force since June 12, 2026
Official record