Bill 14 — Fourth Session, 22Nd Legislature, 41 Elizabeth Ii the Legislative Assembly of Alberta Bill 14 Motion Picture Development Amendment Act, 1992 (Legislature 22, Session 4)

L22 S4 2368

Alberta — Bills

1992 BILL 14 Fourth Session, 22nd Legislature, 41 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 14 MOTION PICTURE DEVELOPMENT AMENDMENT ACT, 1992 THE MINISTER OF ECONOMIC DEVELOPMENT AND TRADE First Reading Second Reading Committee of the Whole Third Reading Royal Assent Title: 1992 (22nd, 4th) Bill 14, Motion Picture Development Amendment Act, 1992

Bill 14 BILL 14 1992 MOTION PICTURE DEVELOPMENT AMENDMENT ACT, 1992 (Assented to , 1992) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Motion Picture Development Act is amended by this Act. 2

Section 7(6)(

c) is amended by striking out “or” at the end of subclause (iii) and by adding the fallowing after subclause (iv): (

v) fees payable to the Corporation in respect of loans, guarantees or agreements, or (vi) amounts representing the repayment by any person of costs incurred by the Corporation for the purpose of making a loan or guarantee or of entering into an agreement under

section 10.1. 3

Section 8(2) is repealed and the following is substituted:

(2) The Corporation shall pay its operating expenses from 1

Explanatory Notes 1 This Bill will amend

chapter M-19.1 of the Statutes of Alberta, 1981. 2

Section 7(6) presently reads in part:

(6) The following shall be paid into the Fund: (

c) all money received by the Corporation, other than (

i) amounts received by way of a gift or bequest subject to a trust, that is held and used by the Corporation in accordance with that trust, (ii) amounts paid to the Corporation under

section 8(2), (iii) amounts advanced to the Corporation from the Fund and used for the purposes of a loan or guarantee under

section 10, or (iv) amounts advanced to the Corporation from the Fund and used in accordance with an agreement under

section 10.1. 3

Section 8(2) presently reads:

(2) The operating expenses of the Corporation shall be paid to the Corporation from money voted by the Legislature for the purpose. 1 Explanatory Notes

(

a) money voted by the Legislature for the purpose, and (

b) money received by the Corporation that is not required to be paid into the Fund by virtue of

section 7(6)(c)(

v) or (vi). 4

Section 10(3) is amended (

a) by adding the following after clause (b): (b.

l) authorizing the Corporation to make loans in respect of a motion picture at a stage other than the pre-production stage of the motion picture; (

b) by adding the following after clause (f): (f.

l) respecting costs incurred or to be incurred by the Corporation for the purpose of making a loan or guarantee; 5

Section 10.1 (4) is amended by adding the following after clause (b): (

c) respecting costs incurred or to be incurred by the Corporation for the purpose of entering into an agreement under subsection (1). 6 This Act comes into force on Proclamation. 2

Section 10(3) presently reads in part:

(3) The Lieutenant Governor in Council may make regulations (

a) authorizing the Corporation to make loans or guarantees of up to 60% of the total funds required for the pre-production stage of a motion picture; (

b) defining, for the purposes of this section, the pre-production stage of a motion picture; 5

Section 10.1(4) presently reads:

(4) The Lieutenant Governor in Council may make regulations (

a) respecting the agreements the Corporation may enter into under subsection (1); (

b) respecting the maximum aggregate amount that the Corporation may pay and be liable to pay under all outstanding agreements under subsection (1). 6 Coming into force. 2 Explanatory Notes Title: 1992 (22nd, 4th) Bill 14, Motion Picture Development Amendment Act, 1992

Document details

Collection	Alberta — Bills
Citation	L22 S4 2368
Type	bill
Volume / chapter	L22 S4 2368
Language	en
Format	json
Source	PROVINCIAL
Identifier	3ac137c40efdd305b0c4ffcce4d3fb5c2df27251

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