Bill 53 — First Session, 16Th Legislature, 17 Elizabeth-.J..I\J the Legislative Assembly of Alberta Bill 53 An Act To Amend the Utilization of Lands and Forests Act (Legislature 16, Session 1)

L16 S1 4504

Alberta — Bills

1968 Bill 53 First Session, 16th Legislature, 17 Elizabeth-.J..I\J THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 53

An Act to amend The Utilization of Lands and Forests Act THE MINISTER OF AGRICULTURE First Reading .............................................................. . Second Reading ............................ ,' ........................... .. Third Reading ........................................................... . Printed by L. S. Wall, Queen's Printer, Edmonton

BILL 5 3 1968

An Act to amend The Utilization of Lands and Forests Act (Assented to , 1968) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Utilization OJ Lands and Forests Act is hereby amended. 2. The following

section is added after

section 14: 15.

(1) The Lieutenant Governor in Council may make regulations providing for the guarantees by the government of the principal amounts of loans made for the purpose of providing financial assistance for (

a) the cost of clearing and breaking land for 'agri cultural purposes, or (

b) the cost of sloping, levelling or preparing land for any agricultural purpose, or (

c) the cost of improving or developing land in any way for any agricultural purpose, or (

d) any other purpose prescribed in the regulations that pertains to or is incidental to the development of land for agricultural purposes.

(2) Regulations under subsection (1) may (

a) prescribe the procedure for the submission of appli cations for a Government guarantee of a loan, the form and content of the 'applications, and the con ditions required to be met by applicants to render them eligible for the guarantee, (

b) prescribe the terms and conditions upon which the guarantees are to be given, (

c) prescribe the duties and obligations of a person to whom a guaranteed loan is made during the period that his indebtedness is outstanding, (

d) prescribe the security to be given to the Govern ment by applicants in consideraion of the guarantee, (

e) authorize the payment by the Government of inter est payable under the loans and prescribe the con ditions upon which the persons whose loans are

Explanatory Notes I. This Bill amends

chapter 354 of the Revised Statutes. 2. The new.

section 15 authorizes regulations to implement a program of providing Government guarantees of interest-free loans to farmers for rural land development. The program is to be carried out' in co-operation with the Federal Government as part of the "ARDA" program. Alberta and Canada will pay the interest on the guaranteed loans on a shared basis.

(I) (g) (

h) guaranteed will be liable to the Government for the repayment of interest so paid, authorize the Minister or any other person to do any act for the purpose of carrying out the pro- visions of any agreement entered into by the Minister of Agriculture pursuant to The Federal Provincial Farm Assistance Act and relating to the purposes for which the regulations are made, prescribe, for the purposes of clause (

d) of sub section (1), any other purposes for which loans may be guaranteed, and generally, provide for any other matter necessary for the purpose of administering the program estab- lished by the regulations.

(3) A guarantee of a loan under the regulations (

a) shall be in the form approved by the Provincial Treasurer, and (

b) may be executed on behalf of the Government by the Provincial Treasurer, the Deputy Provincial Treasurer or by any other person designated by an order of the Lieutenant Governor in Council, and the signature on the guarantee by any person referred to in clause (

b) is conclusive proof that the relevant pro visions of the regulations have been complied with. 3. This Act comes into force on the day upon which it is assented to. 2

2 Title: 1968 (16th, 1st) Bill 53,

An Act to amend The Utilization of Lands and Forests Act

Document details

Collection	Alberta — Bills
Citation	L16 S1 4504
Type	bill
Volume / chapter	L16 S1 4504
Language	en
Format	json
Source	PROVINCIAL
Identifier	095d650e506b0b48bf47748ec402ced3cd5beade

Source file is stored in the law ingest library (json).