Bill 4 — Third Session, 18Th Legislature, 26 Elizabeth Ii the Legislative Assemftju'¥ ,Of Alberta Bill4 the Alberta 'Loan- Act, 1977 the Provincial Treasurer (Legislature 18, Session 3)

L18 S3 5706

Alberta — Bills

1977 BILL Third Session, 18th Legislature, 26 Elizabeth II THE LEGISLATIVE ASSEMftJu'¥ ,Of ALBERTA BILL4 THE ALBERTA 'lOAN- ACT, 1977 THE PROVINCIAL TREASURER First Reading ............................................ . Second Reading .......................................... . Third Reading ........................................... . Printed by the Queen's Printer for the Province of Alberta, EDMONTON Bill BILL4 THE ALBERTA LOAN ACT. 1977 (Assented to , 1977) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1.

The Lieutenant Governor in Council is hereby authorized 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 follow ing 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; (n for the carrying on of the public works authorized by the Legislature. 2. 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 1 (

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 Financial Administra tion Act for the purpose of such payment, shall not exceed in the aggregate $200,000,000. 3. 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. 4. The sum or sums of money authorized to be raised by this Act (

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

b) shall be raised upon the credit of the General Revenue Fund and are chargeable thereupon. 5. This Act comes into force on the day upon which it is assented to. 2 Title: 1977 (18th, 3rd) Bill 4, The Alberta Loan Act, 1977

Document details

Collection	Alberta — Bills
Citation	L18 S3 5706
Type	bill
Volume / chapter	L18 S3 5706
Language	en
Format	json
Source	PROVINCIAL
Identifier	3cbdb1dab1545a40d7e3181c694a4a5cc4452a31

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