Bill 5 (Legislature 16, Session 3)

L16 S3 4697

Alberta — Bills

1970 Bill Third Session, 16th Legislature, 19 Elizaheth II THE LEGISLATIVE ASSEMBLY <IF .A:LBRft1FA BILL

An Act to amend The Farm Home Improvements Act THE MINISTE~ OF AGRICULTURE First Reading ... - ......................... . Second Reading ................ - ......... . Third Reading . - . _ .................. _ ...... . Printed by L. S. Wall, Queen's Printer, Edmonton BILL

An Act to amend The Farm Home Improvements Act (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. The Farm Home Improvements Act is hereby amended.

Section 4, clause (

e) is struck out and the following is substituted: (

e) the rate of interest charged by the bank on the loan does not exceed that bank's prime lending rate a t the time the loan is made. 3. This Act comes into force on the day upon which it is assented to. Explanatory Notes I. This Bill amends The Farm Home Improvements Act, Statutes of Alberta, 1959, c. 18. 2. This amendment makes the Government guarantee applic able to loans granted at the bank's prime lending rate. The former interest restriction was five per cent per annum simple interest. Title: 1970 (16th, 3rd) Bill 5,

An Act to amend The Farm Home Improvements Act

Document details

Collection	Alberta — Bills
Citation	L16 S3 4697
Type	bill
Volume / chapter	L16 S3 4697
Language	en
Format	json
Source	PROVINCIAL
Identifier	36e3012ab9a4668540f59d4f265e397934c6af4c

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