Bill 16 — Third Session, 20Th Legislature, 34 Elizabeth Ii the Legislative Assembly of Alberta Bill 16 Small Business Equity Corporations Amendment Act, 1985 (Legislature 20, Session 3)

L20 S3 3354

Alberta — Bills

1985 BILL Third Session, 20th Legislature, 34 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL SMALL BUSINESS EQUITY CORPORATIONS AMENDMENT ACT, 1985 THE MINISTER OF TOURISM AND SMALL BUSINESS First Reading Second Reading Committee of the Whole Third Reading Royal Assent I ' ' IL^lLfUC^. Bill BILL 16 SMALL BUSINESS EQUITY CORPORATIONS AMENDMENT ACT, 1985 (Assented to , 1985) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as foUows: 1 The Small Business Equity Corporations Act is amended by this Act. 2

Section is amended by adding the following after clause (m): (m.

l) prescribing the amount for the purposes of

section 36(l)(a); 3

Section 36(l)(

a) is amended by striking out "$15 000000" and substituting "the amount prescribed by regulation". In accordance with

section 4(1) of the

Interpretation Act, this Bill comes into force on the date it receives Royal Assent. Explanatory Notes This Bill will amend

chapter S-13.5 of the Statutes of Alberta, 1984. 2

Section presently reads in part: 34 The Lieutenant Governor in Council may make regulations

Section 36(1 )(

a) presently reads: 36(1) Notwithstanding anything in this Act except subsection (2), no cor poration shall be registered as a small business equity corporation, no grant shall be paid to any person and no certificate of corporate investment shall be issued to any corporation after (

a) the date prescribed by the Minister to be the date on which the total amount of money paid out as grants and paid or applied as tax credits exceeds $15 000 000, or Explanatory Notes Title: 1985 (20th, 3rd) Bill 16, Small Business Equity Corporations Amendment Act, 1985

Document details

Collection	Alberta — Bills
Citation	L20 S3 3354
Type	bill
Volume / chapter	L20 S3 3354
Language	en
Format	json
Source	PROVINCIAL
Identifier	0a832f4d7d1dc9c134e878e3095dccf5177b9f29

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