Bill 50 (Legislature 13, Session 4)

L13 S4 6180

Alberta — Bills

No. 50 4th Session, 13th Legislature, Alberta 6 Elizabeth II, 1958 BILL so A Bill to amend The School Buildings Assistance Act RON. MR. AALBORG :Printed by !,J. S. ",VALL, Printer to the Queen's :Most Ex:cellent ~Iajostr, Edrnonton, Alberta, 1958

Explanatory Note 2. New

Schedule established for the determination of classroom grants.

Section 6, subsection (3) presently reads: "

(3) The grant shall not exceed, with respect to each standard class room or its equivalent, "(

a) the sum of five thousand dollars when the school building or addition contains fewer than six classrooms, "(

b) the sum of five thousand five hundred dollars when the school building or addition contains at least six classrooms but fewer than ten classrooms, "(

c) the sum of six thuusand dollars when the school building or addition contains at least ten but fewer than sixteen classrooms, and "(

d) the sum of seven thousand dollars when the school building or addition contains sixteen or 1I10re dassrooms.". 3. Sections 7, 8 and 9 provide for the making of building loans to school divisions on the security of debentures in favour of the Provincial Treasurer. These provisions are being removed.

Section 10, subsection (1) presently reads: "10. (1) "\Vhere on a debenture issued pursuant to

section 9, a school division fails to repay all allnual instalment of principal or interest on or before the date when such instalment if> due and payable, the Department of Education, if so requested by the Provincial Treasurer, shall retain from the granLs payable to that school division under '1'he School Grants Act, The Border Areas Act or The Lloydminster Municipal .-\.malg-amation Act l[j;;O, an amount equal to the amount of the annual instalment that is then in default.".

Section 11 provides for a provincial guarantee of interest with respect to debentures sold on the open market.

Section 12, subsection (1) presently reads: "12.

(1) Where, before or after toe maturity date of the debentures of a school division, the school division fails to pay any interest guaranteed by ~he Province on the debentures of the school division pursuant to

sectIOn 11, the Department of Education if so requested by the Provincial Treasurer shall retain from the grants payable to the school division under The School Grants Act, The Border Areas Act or The Lloydminster ",funicipal Amalgamation Act 1930, an amount equal to the interest that is guaranteed by the Proyince and that the school dhision has failed to pay on it:'l d!;'bentures.".

BI LL No. 50 of 1958

An Act to amend The School Buildings Assistance 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 School Buildings Assistance Act, being

chapter 298 of the Revised Statutes of Alberta, 1955, is hereby amended.

Section 6 is amended by striking out subsection (3) and by substituting the following: "

(3) With respect to any building or addition to a build ing the grant shall not exceed the sum of "(

a) five thousand dollars for each of the first five class rooms, " (

b) six thousand dollars for each of the sixth to ninth classrooms, " (

c) seven thousand dollars for each of the tenth to fifteen classrooms, and H (

d) seven thousand five hundred dollars for each class room in excess of fifteen.". 3. Sections 7, 8 and 9 are repealed.

Section 10, subsection (1) is amended by striking out the word and figure "section 9" and by substituting the words and figures "this Act, prior to the thirty-first day of March, 1958".

Section 11 is repealed.

Section 12, subsection (1) is amended by striking out the word and figure "section II" and by substituting the words and figures "this Act, prior to the thirty-first day of March, 1958".

2 7. Reference to the loan provisions removed. See clause 3.

Section 13 is amended (

a) by striking out the words "or loan or both", (

b) by striking out the words "or loan". 8. This Act comes into force on the day upon which it is assented to and upon so coming into force shall be deemed to have been in force at all times on and after the thirty-first day of March, 1958.

FOURTH SESSION THIRTEENTH LEGISLATURE 6 ELIZABETH II 1958 BILL

An Act to amend The School Buildings Assistance Act Received and read the First time ......................................... . Second time ......... .. Third time ......................................... . HON. MR. AALBORG Title: 1958 (13th, 4th) Bill 50,

An Act to amend The School Buildings Assistance Act

Document details

Collection	Alberta — Bills
Citation	L13 S4 6180
Type	bill
Volume / chapter	L13 S4 6180
Language	en
Format	json
Source	PROVINCIAL
Identifier	1886c44190ef6addee17f8db57fa6454ecbd6d18

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