Province-Specific Services: New Brunswick
The Commission is responsible for preparing and administering the university education budget (which also includes the Maritime College of Forest Technology).
This includes calculating:
- operating (unrestricted and restricted) assistance,
- capital assistance,
- the special projects funding envelope,
- and the various interprovincial transfers (Regional Transfers, Québec/New Brunswick Agreement, Newfoundland Agreement, etc.) in which the Province participates.
The MPHEC administers the university education budget throughout the year, including the Province's committed funds. This includes providing audited financial statements for the Province's university education funding.
The Commission flows federal funding to institutions for the Canada/New Brunswick Official Languages in Education Agreement.