Bill 61 — Second Session, 20Th Legislature, 33 Elizabeth Ii the Legislative Assembly of Alberta Bill 61 Wild Rose Foundation Act (Legislature 20, Session 2)

L20 S2 3530

Alberta — Bills

1984 BILL 61 Second Session, 20th Legislature, 33 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 61 WILD ROSE FOUNDATION ACT HON. MR. PAYNE First Reading Second Reading Committee ofthe Whole Third Reading Royal Assent

Bill 61 BILL 61 1984 WILD ROSE FOUNDATION ACT (Assented to . 1984) Foundation established HER MAJESTY, by and with the advice and consent ofthe Legislative Assembly of Alberta, enacts as follows:

Definitions 1 In this Act, (a) "Foundation" means The Wdd Rose Foundation created pur suant to

section 2; (b) "Minister" means the member of the Executive Council charged by the Lieutenant Govemor in Councd with the admin istration of this Act. 2(1) There is hereby created a corporation with the name "The Wild Rose Foundation" consisting of not more than 7 members appointed by the Lieutenant Govemor in Council.

(2) The Lieutenant Govemor in Councd may prescribe the term of office of any member appointed pursuant to subsection (1).

(3) The Lieutenant Govemor in Council shall designate a member of the Foundation as chairman and another member as vice-chair man.

(4) In the event of the absence or inability to act of the chairman or in the event that the office of chairman is vacant, the vice-chairman shall be the acting chairman and in that capacity has all the powers and duties of the Chairman.

(5) The Minister may prescribe the rate of remuneration and the subsistence and traveUing expenses to be paid to the members ofthe Foundation. Purpose 3 The purpose of the Foundation is to provide funding to volunteer non-profit organizations that provide necessary and valuable com munity services to Albertans but the Foundation shall not provide funding in respect of a service or program that is within the objects of any one or more ofthe following: (

a) The Alberta Sport Councd; (

b) The Recreation, Parks and Wildlife Foundation; (

c) The Alberta Art Foundation;

(

d) The Alberta Foundation for the Performing Arts; (

e) The Alberta Cultural Heritage Foundation; (

f) The Alberta Foundation for the Literary Arts; (

g) The Alberta Historical Resources Foundation; (

h) any organization that receives grants from the Westem Can ada Lottery Foundation. By-laws 4(1) The Fouudation may, with the approval ofthe Minister, make by-laws (

a) respecting the conduct ofthe business and affairs ofthe Foun dation, (

b) goveming the administration of its funds, (

c) estabUshing honorary offices that are considered desirable and goveming the appointment of persons to them, (

d) goveming the management ofthe real and personal property of the Foundation, (

e) goveming the making of grants, (

f) goveming appUcations for grants, and (

g) relating to any other matter necessary for carrying out the purposes of the Foundation.

(2) A by-law does not become effective (

a) unless it is passed by a majority ofthe members ofthe Foun dation, and (

b) imtil it is approved by the Minister.

(3) A by-law signed by a majority ofthe members ofthe Foundation is as valid and effective as if passed at a meeting of the Foundation.

(4) The Regulations Act does not apply to the by-laws of the Foun dation. Powers of 5(1) The Foundation may, subject to the regulations, Foundation (

a) make grants to any organization within the purposes of the Foundation, (

b) acquire real or personal property, whether by purchase, do nation, lease, grant, devise, bequest or otherwise, (

c) hold, preserve, maintain, renovate, restore and manage the real and personal property of the Foundation, and (

d) dispose of any real or personal property by sale, lease or any other manner.

(2) Any real or personal property acquired by the Foundation by gift, bequest, devise or loan is subject to any terms and conditions stipulated by the person giving, bequeathing, devising or loaning the property.

Directions by Minister Fiscal year and annual report Agent of the Crown

(3) The Provincial Treasurer may, at the request of and on behalf of the Foundation, (

a) invest any fiinds under the control of the Foundation in any securities authorized under

section 50 of the Financial Adminis tration Act, or (

b) sell and dispose of securities and reinvest the proceeds of sale in securities authorized under clause (a). 6(1) The Minister may give directions to the Foundation for the purpose of (

a) providing priorities and guidelines for it to follow in the ex ercise of its powers under

section 5(1), and (

b) co-ordinating the work ofthe Foundation with the programs, poUcies and the work ofthe Govemment and public and private organizations and institutions, in order to avoid duplication of effort and expense.

(2) The Minister may make regulations restricting and regulating the exercise ofthe Foundation's powers specified in

section 5. 7(1) The fiscal year ofthe Foundation is the period from April 1 to the next following March 31.

(2) After the end of each fiscal year, the Foundation shall prepare and submit to the Minister a report consisting of (

a) a general

summary of its transactions and affairs during that year, its revenues and the application of its expenditures during that year, (

b) audited financial statements as required under

section 77 of the Financial Administration Act, and (

c) any other information that the Minister may require.

(3) On receiving a report under subsection (2), the Minister shaU lay a copy of it before the Legislative Assembly if it is then in session, and if not, within 15 days after the commencement of the next en suing session. 8 The Foundation is an agent of the Crown in right of Alberta. In accordance with

section 4(1) ofthe

Interpretation Act, this Bill comes into force on the date it receives Royal Assent. Title: 1984 (20th, 2nd) Bill 61, Wild Rose Foundation Act

Document details

Collection	Alberta — Bills
Citation	L20 S2 3530
Type	bill
Volume / chapter	L20 S2 3530
Language	en
Format	json
Source	PROVINCIAL
Identifier	0dd1926f6dd8df6ebd00c7e8cabdddb2a0a256e8

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