Bill 96 (Legislature 11, Session 4)

L11 S4 7007

Alberta — Bills

Bill No. 96 of 1951. A BILL TO PROVIDE CAPITAL ASSISTANCE TO SCHOOL DIVISIONS IN SPECIAL AREAS. NOTE. This Bill enacts a new Act to be known as "The Special Areas School Divisions Capital Assistance Act". The purpose of the Act is to provide capital assistance to school divisions in special areas. If the major portion of the area of a school division lies within a special area con stituted under The Special Areas Act it is qualified for assistance under this Act.

The Lieutenant Governor in Council is empowered to authorize the Provincial Treasurer to make a loan from the General Revenue Fund to such a school division of such sum as the Lieutenant Governor in Council deems expedient to assist the division with the cost of erecting new school buildings. The time, terms and ,conditions of repayment and the rate of interest may be fixed by order incouneil. A division that receives a loan under this Act is -required to give the Provincial Treasurer debentures or other securities to secure the repayment of the loan.

A s,chool division to which a loan is authorized under this Act qualifies for assistance under The School Borrowing Assistance Act in the same manner as though the loan was was approved by the Board of Public Utility Commissioners under that Act. The School Districts Relief Act,

chapter 54 of the Revised Statutes of Alberta, 1922, is repealed. This Bill comes into force upon assent. KENNETH A. MCKENZIE, Legislative Counsel. (This note does not fiorm any part of th:e Bill but is offered in explanation of its provisions.)

BILL No. 96 of 1951.

An Act to Provide Capital Assistance to School Divisions in Special Areas. (Assented to , 1951.) HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: Shod Title.

Short title 1. This Act may be cited as "The Special Areas School "special areas school division" Lieutenant Governor in Council may,- authorize loan fix conditions of repayment Security Qualifica tion for assistance Divisions Capital Assistance Act".

Interpretation. 2. For the purposes of this Act a special areas school division means a school division constituted under The School Act, the major portion of the area of which lies with in a special area constituted under The Special Areas Act. General. 3. The Lieutenant Governor in Council may,- (

a) authorize the Provincial Treasurer to loan from the General Revenue Fund to a special areas school division such sum as the Lieutenant Governor in Council deems expedient to assist with the cost of erecting one or more s'chool buildings as defined by The School Act, 1951 ; and (

b) fix the time, terms and conditions of repayment and the rate of interest to be charged on the money loaned. 4. A special areas school division that receives a loan under se,ction 3 shall execute and deposit with the Provincial Treasurer such debenture or other instrument as he may require to secure the repayment of the loan. 5. For the purposes of The School Borrowing Assistance Act, a school division to which a loan is authorized by the Lieutenant Governor in Council pursuant to

section 3 shall qualify for assistance under that Act in the same manner as though the loan had been approved by the Board of Public Utility Commissioners under that Act.

2 6. The School Districts Relief Act, being

chapter 54 of Repeal the Revised Statutes of Alberta, 1922, is hereby repealed .. . '!. This Act shall come into force on the day upon which ~~~~~~ce It IS assented to.

No. 96. FOURTH SESSION ELEVENTH LEGISLA1URE 15 GEORGE VI 1951 BILL

An Act to Provide Capital Assistance to School Divisions in Special Areas. Received and read the First time ... Second time Third time HON. MR. CASEY. Title: 1951 (11th, 4th) Bill 96,

An Act to Provide Capital Assistance to School Divisions in Special Areas

Document details

Collection	Alberta — Bills
Citation	L11 S4 7007
Type	bill
Volume / chapter	L11 S4 7007
Language	en
Format	json
Source	PROVINCIAL
Identifier	3db1e53038b46c62b6b0638a3eb7395da11d95e8

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