Bill 75 (Legislature 16, Session 1)

L16 S1 4526

Alberta — Bills

1968 Bill 75 First Session, 16th Legislature, 17 Elizabeth II THE LEGISLA1lI"E'Yt~mLY OF ALB:JRTA BI·LL 75

An Act to Authorize the Raising of Money on the Credit of the General Revenue Fund THE PROVINCIAL TREASURER First Reading ............................................................. . Second Reading ......................................................... . Third Reading ........................................................... . Printed by L. S. Wall, Queen's Printer, Edmonton

BILL 75 1968

An Act to Authorize the Raising of Money on the Credit of the General Revenue Fund (Assented to , 1968) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. This Act may be cited as The Alberta Loan Act, 1968. 2. The Lieutenant Governor in Council is hereby auth orized to raise from time to time by way of loan such sum or sums of money as are considered expedient for any or all of the following purposes: (

a) for the public service; (

b) for discharging any indebtedness or obligation of the Government of Alberta; (

c) for reimbursing the General Revenue Fund for any moneys expended in discharging any indebtedness or obligation of the Government of Alberta; (

d) for making any payments authorized or required by any Act to be made out of the. General Revenue Fund; (

e) for reimbursing the' General Revenue Fund for any payments so authorized or required; (/) for the carrying on of the public works authorized by the Legislature. 3. The principal amount of any securities issued and sold for the purpose of raising any sum or sums of money by way of loan authorized by this Act together with the amount of any temporary loans raised under this Act, to the extent that those temporary loans (

a) are from time to time outstanding, or (

b) have been paid from the proceeds of securities issued and sold under the authority of The Fin ancial Ad'ministration Act for the purpose of such payment, shall not exceed in the aggregate $50,000.000. 4. The sum or sums of money authorized to be raised by this Act for the purposes mentioned herein are in addition

Explanatory Notes General. This Bill will' authorize the Government to borrow an amount not exceeding fifty million dollars.

to all sums of money authorized to be raised by way of loan under any other Act. 5. The sum or sums of money authorized to be raised by this Act (

a) may be raised in any manner provided by The Fin ancial Administration Act, and (

b) shall be raised upon the credit of the General Rev enue Fund and are chargeable thereupon. 16. This Act comes into force on the day upon which it is assented to. 2

2 Title: 1968 (16th, 1st) Bill 75,

An Act to Authorize the Raising of Money on the Credit of the General Revenue Fund

Document details

Collection	Alberta — Bills
Citation	L16 S1 4526
Type	bill
Volume / chapter	L16 S1 4526
Language	en
Format	json
Source	PROVINCIAL
Identifier	2470400bf444103bbc6747dab9101a8ab939c050

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