1980 BILL 81 Second Session, 19th Legislature, 29 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 81 THE FINANCIAL ADMINISTRATION AMENDMENT ACT, 1980 (NO. 2) THE PROVINCIAL TREASURER First Reading Second Reading Committee of the Whole Third Reading Royal Assent Title: 1980 (19th, 2nd) Bill 81, The Financial Administration Amendment Act, 1980 (No. 2)

Bill 81 BILL 81 1980 THE FINANCIAL ADMINISTRATION AMENDMENT ACT, 1980 (NO. 2) (Assented to , 1980) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Financial Administration Act, 1977 is amended by this Act. 2

Section 2 is amended bv adding the following after subsection (5):

(5.1) Notwithstanding subsection (5) on receipt of the reports referred to in (a)

section 31(1) of The Universities Act, (b)

section 44(1) of The Colleges Act, (c)

section 7(1) of The Banff Centre Act, (d)

section 15(1) of The Provincial General Hospitals Act, (e)

section 14(1) of The Cancer Treatment and Prevention Act, and (

f) section 12 of The University of Alberta Hospitals Act from the boards as defined in those Acts, the Ministers charged with the administration of those Acts shall lay a copy of the audited financial statements of the boards before the Legislative Assembly if it is then sitting, and if it is not then sitting, within 15 days after the commencement of the next ensuing sitting. 3 The following is added after

section 46: UNIVERSITY OF ALBERTA LIBRARY 1

Explanatory Notes 1 This Bill will amend

chapter 68 of the Statutes of Alberta, 1977. 2

Section 2 presently reads in part:

(5) This Act does not apply to (

a) the board of a university under The Universities Act, (

b) the board of a public college under The Colleges Act, (

c) The Governors of the Banff Centre for Continuing Education, (c.1) the Alberta Heritage Foundation for Medical Research; (

d) the board of management of a Provincial General Hospital under The Provincial General Hospitals Act, (

e) the Provincial Cancer Hospitals Board, and (

f) the University Hospitals Board under The University of Alberta Hospitals Act, except that sections 2 and 81 apply to the corporations described in clauses (

a) to (

f) as if they were Provincial corporations. 3 Payment of interest on overdue accounts. 1

46.1 The Treasury Board may direct the payment of interest on accounts due to suppliers of goods or services to the Crown on any terms and conditions that it determines. 4 This Act comes into force on the day upon which it is assented to. 2 Title: 1980 (19th, 2nd) Bill 81, The Financial Administration Amendment Act, 1980 (No. 2)