Bill 58 (Legislature 13, Session 3)

L13 S3 6294

Alberta — Bills

No. 58 3rd Session, 13th Legislature Alberta 5 Elizabeth II, 1957' BILL 58 A Bill to amend The Municipal Capital Expenditure Loans Act HON. MR. HINMAN EDMONTON,ALBERTA Printed by A. SHNITKA, Printer to the Queen's Most Excellent Majesty, 1957

Explanatory Note 5. This amendment is for the purpose of enabling the Provincial Treasurer to invest moneys in the revolving fund under this Act when such moneys are surplus to the needs of the fund. Interest payments on loans are paid into general revenue, but repayments of principal of loans remain in the revolving fund.

BILL No. 58 of 1957

An Act to amend The Municipal Capital Expenditure Loans Act (Assented to , 1.957) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows:

PART I 1. The Municipal Capital Expenditure Loans Act, being

chapter 81 of the Statutes of Alberta, 1953, is hereby amended. 2. The following

section is added immediately after sec tion 7: "7a. With the approval of the Lieutenant Governor in Council moneys held to the credit of the fund may from time to time be invested in any stock, debentures or securities in which, under The Treasury Department Act, moneys in the General Revenue Fund may be invested."

PART II 3. The Municipal Capital Expenditure Loans Act, being

chapter 213 of the Revised Statutes of Alberta, 1955, is hereby amended. 4. The following

section is added immediately after sec tion 7: "7 a. With the approval of the Lieutenant Governor in Council moneys held to the credit of the fund may from time to time be invested in any stock, debentures or securi ties in which, under The Treasury Department Act, moneys in the General Revenue Fund may be invested.". 5.

Part I and this

section comes into force on the day upon which this Act is assented to, and

Part II, except this section, comes into force and

Part I is repealed on the day upon which the Revised Statutes of Alberta, 1955, come into force.

THIRD SESSION THIRTEENTH LEGISLATURE 5 ELIZABETH II 1957 BILL

An Act to amend The Municipal Capital Expenditure Loans Act Received and read the First time ..... Second time ....................................... . Third time ......................................... . HON. MR. HINMAN Title: 1957 (13th, 3rd) Bill 58,

An Act to amend The Municipal Capital Expenditure Loans Act

Document details

Collection	Alberta — Bills
Citation	L13 S3 6294
Type	bill
Volume / chapter	L13 S3 6294
Language	en
Format	json
Source	PROVINCIAL
Identifier	1b3a3ca8027b4d25d6dcc1e6433f34a22a6f32eb

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