Bill 104 (Legislature 13, Session 4)

L13 S4 6233

Alberta — Bills

No. 104 4th Session, 13th Legislature, Alberta 6 Elizabeth II, 1958 BILL 104 A Bill to amend The Treasury Department Act HON. MR. HINMAN Printed by L. S. WALL, Printer to the Queen's Most Excellent Majesty, Edmonton, Alberta, 1958

Explanatory Not.

Section 63, subsection (2) presently reads: "

(2) The sums to be so raised shall never exceed the amount of the deftciences in the General Revenue Fund to meet the charges thereon tl:}en due or payable either as principal or interest, as shown by the certificate of the Auditor, and shall be applied to no other purpose wha tsoever." A strict

interpretation of this

section would indicate that borrow ings can only be effected from day to day as accounts become due and payable.

BILL No. 104 -Of 1958

An Act to amend The Treasury Department Act (Assented to , 1958) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Treasury Depart'ment Act, being

chapter 343 of the Revised Statutes of Alberta, 1955, is hereby amended.

Section 63 is amended by striking out subsection (2) and by substituting the following: "

(2) The sums to be so raised shall never exceed the estimated requirements as shown by the certificate of the Auditor and shall be applied to no other purpose but to meet the charges in respect of which they are raised.". 3. This Act comes into force on the day upon which it is assented to.

No. 104 FOURTH SESSION THIRTEENTH LEGISLATURE 6 ELIZABETH Ib 1958 BILL A Act to amend The Treasury Department Act Received and read the First time ......................................... . Second time. Third time ......................................... . HON. MR. HINMAN Title: 1958 (13th, 4th) Bill 104,

An Act to amend The Treasury Department Act

Document details

Collection	Alberta — Bills
Citation	L13 S4 6233
Type	bill
Volume / chapter	L13 S4 6233
Language	en
Format	json
Source	PROVINCIAL
Identifier	12318b6d297029d3680fda5a747a44e86bec5cfa

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