Bill 23 (Legislature 16, Session 3)

L16 S3 4715

Alberta — Bills

1970 Bill 23 -~========================================= Third Session, 16th Legislature, 19 Elizabeth II THE LEGISLATIVE AS~EMBLY~(}.F)_ AliB~RTA BILL 23

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 23 1970

An Act to Authorize the Raising of Money on the Credit of the General Revenue Fund (Assented to , 1970) 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, 1970. 2. The Lieutenant Governor in Council is hereby author ized 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 indebted ness 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 ~old 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 Administration Act for the purpose of such payment, shall not exceed in the aggregate 100 million dollars.

Explanatory Notes I. This Bill will authorize the Government to borrow money for the purposes listed in

section 2. 2. Authority to borrow. 3. Amount of borrowing.

4. The sum or sums of money authorized to be raised by this Act for the purposes mentioned herein are in addition 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 Revenue Fund and are chargeable thereupon. 6. This Act comes into force on the day upon which it is assented to. 2

4. Borrowing under other Acts. 5. Form of borrowing. 2 Title: 1970 (16th, 3rd) Bill 23,

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

Document details

Collection	Alberta — Bills
Citation	L16 S3 4715
Type	bill
Volume / chapter	L16 S3 4715
Language	en
Format	json
Source	PROVINCIAL
Identifier	2ab12bfbc90fa2afe0bf0a4c2ee8a722c2bc600b

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