Bill 220 — First Session, 20Th Legislature, 32 Elizabeth Ii the Legislative Assembly of Alberta Bill 220 Provincial-Municipal Resource Revenue Sharing Act (Legislature 20, Session 1)

L20 S1 3752

Alberta — Bills

1983 BILL First Session, 20th Legislature, 32 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL PROVINCIAL-MUNICIPAL RESOURCE REVENUE SHARING ACT MR. MARTIN First Reading Second Reading Committee of the Whole Third Reading Royal Assent Bill Mr.

Martin BILL PROVINCIAL-MUNICIPAL RESOURCE REVENUE SHARING ACT (Assented to , 1983) Non-renewable resource revenue transfer Calculation of municipal shares HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 In this Act, (a) "municipality" means a municipality as defined by the Municipal Government Act; (b) "municipal resource apportionment" means 8% of all non renewable resource revenue received in respect of a fiscal year no later than June in every fiscal year; (c) "non-renewable resource revenue" means (

i) money received by the Crown pursuant to agreements as defined in the Mines and Minerals Act, (ii) money received by the Crown as bonuses to acquire agreements as defined in the Mines and Minerals Act, and (iii) money received under an agreement between the Crown in right of Alberta and the holder of a bituminous sands lease under which the Crown agrees to accept money payments in lieu of royalty under the lease. 2 The Provincial Treasurer shall in each year introduce in the Legislative Assembly a Bill that provides for the transfer to every municipality of its share, determined pursuant to

section 3, of the municipal resource apportionment for the preceding fiscal year. 3( 1) The Lieutenant Govemor in Council may make regulations to establish (

a) the formula whereby each individual municipality's share of non-renewable resource revenue shall be calculated; (

b) the method of transfer of money by the Provincial Treasurer to municipalities pursuant to

section 2.

(2) No regulation shall be issued under subsection (1) unless, 90 days previously, a copy of the proposed regulation has been sent to all municipalities and the Minister of Municipal Affairs and the Provincial Treasurer have thereafter given the representatives of the Alberta Urban Municipalities Association and the Alberta Associa tion of Municipal Districts and Counties an opportunity to submit comments and meet with them to discuss the proposed regulation. Consequential j-^^ Financial Administration Act is amended in

section by adding the following after subsection (l)(c): (d) "municipal resource apportionment" as defined in

section of the Provincial-Municipal Resource Revenue Sharing Act. Coming into force jj^|g ^^j comcs luto force on a date to be fixed by Proclamation. Title: 1983 (20th, 1st) Bill 220, Provincial-Municipal Resource Revenue Sharing Act

Document details

Collection	Alberta — Bills
Citation	L20 S1 3752
Type	bill
Volume / chapter	L20 S1 3752
Language	en
Format	json
Source	PROVINCIAL
Identifier	15d5726e6e2ebd77835ad3c75361aad3e6d3c53e

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