Bill 11 — Third Session, 23Rd Legislature, 44 Elizabeth Ii the Legislative Assembly O F Alberta Bill 11 Students Finance Amendment Act, 1995 Mrs. Forsyth (Legislature 23, Session 3)

L23 S3 2075

Alberta — Bills

1995 BILL 11 Third Session, 23rd Legislature, 44 Elizabeth II THE LEGISLATIVE ASSEMBLY O F ALBERTA BILL 11 STUDENTS FINANCE AMENDMENT ACT, 1995 MRS. FORSYTH First Reading Second Reading Committee of the Whole Third Reading Royal Assent Title: 1995 (23rd, 3rd) Bill 11, Students Finance Amendment Act, 1995

Bill 11 Mrs. Forsyth BILL 11 1995 STUDENTS FINANCE AMENDMENT ACT, 1995 (Assented to , 1995) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: Amends RSA 1980 cS-24 1 The Students Finance Act is amended by this Act. 2

Section 1(

c) is amended by striking out “under

section 9”. 3

Section 7 is repealed. 4

Section 8 is amended (

a) by repealing clauses (

a) and (b); (

b) in clause (c) (

i) by striking out “Students Loan Guarantee Act” and substituting “Student Loan Act” ; 1

Explanatory Notes 1 Amends

chapter S-24 of the Revised Statutes of Alberta 1980. 2

Section 1(

c) presently reads: 1 In this Act, (c) “student financial assistance” means financial assistance provided in the form of a loan, grant, bursary, prize, scholarship, allowance or remission to or in favour of any person who is eligible under

section 9; 3

Section 7 presently reads: 7(1) The Provincial Treasurer shall maintain a fund known as the Students Loan Fund into which shall be deposited money from time to time voted by the Legislature for the purpose of the Fund.

(2) Money received as repayment of principal on loans shall be credited to the Students Loan Fund.

(3) Money received as payment of interest on loans shall be deposited in the General Revenue Fund. 4

Section 8 presently reads: 8 Subject to this Act and the regulations, the Board may (

a) make loans to eligible persons from the Students Loan Fund, (

b) write off all or part of the outstanding loans made from the Students Loan Fund, and 1 Explanatory Notes

(ii) by adding “or the Canada Student Financial Assistance Act (Canada)" after “(Canada)”. 5

Section 9(1) is amended (

a) by striking out all the words preceding clause (

a) and substituting the following: Eligibility for assistance 9(1) The Board may award student financial assistance to students enrolled in programs of study that meet the requirements of the regulations (

b) in clause (

e) by striking out all the words after “Act,”; (

c) by adding the following after clause (e): (e.1) at any other educational institution in Alberta that is certified by the Minister as being a satisfactory provider of educational programs, (

d) in clause (f) (

i) by striking out “course” and substituting “program”; (ii) by striking out “or (e)” and substituting “, (

e) or (e.1)”; (

e) in clause (

g) by adding “or in a high school program approved by the Board” after “county”. 6

Section 11 is amended (

a) in clause (

a) by striking out “prescribing” and substituting “respecting”; (

b) by repealing clause (

b) and substituting the following: (

b) respecting the eligibility criteria applicable to applicants for student financial assistance; (b.1) respecting the requirements that programs of study must meet for eligible students enrolled in them to qualify for student financial assistance; (

c) by repealing clause (c); (

d) in clause (

e) by striking out all the words preceding subclause (

i) and substituting “respecting”; 2

(

c) from funds voted for the purpose by the Legislature, pay all or part of the outstanding loans made to a student under the Students Loan Guarantee Act or loans made to a student under the Canada Student Loans Act (Canada). 5

Section 9 presently reads in part: 9(1) A person is eligible to receive student financial assistance under this Act who is registered in a course of studies (

e) at an institution that provides vocational training pursuant to the Private Vocational Schools Act, if the course is, in the opinion of the Board, not available at an institution referred to in clause (a), (b), (b.1), (

c) or (d) , (

f) at any other post-secondary educational institution designated by the Board when the course being taken is, in the opinion of the Board, not available at any institution referred to in clause (a), (b), (b.1), (c), (

d) or (e) , or (

g) at a school in Alberta operated by the board of trustees of a school district or school division or by a county. 6

Section 11 presently reads: 11 The Lieutenant Governor in Council may make regulations (

a) prescribing the terms and conditions under which student financial assistance is provided; (

b) prescribing the qualifications and residence requirements for applicants for student financial assistance; (

c) regarding the terms and conditions of repayment of loans under the Students Loan Fund, including the rate of interest and the date of commencement of calculation of interest; (

d) conferring or imposing powers and duties on the Board with respect to student finance programs; 2 Explanatory Notes

(

e) in clause (f) (

i) by striking out “Students Loan Guarantee Act” and substituting “Student Loan Act” ; (ii) by adding “or the Canada Student Financial Assistance Act (Canada)” after “(Canada)”. 7 This Act comes into force on Proclamation. 3

(

e) prescribing, with respect to loans from the Students Loan Fund or loans made under any other student finance program, (

i) the conditions on which and the manner in which a loan may be written off, and (ii) the classes of persons whose loans may be written off in whole or in part; (

f) prescribing, with respect to loans made under the Students Loan Guarantee Act or loans made under the Canada Student Loans Act (Canada), (

i) the conditions on which and the manner in which a loan or part of a loan may be repaid by the Board on behalf of the student, and (ii) the classes of students whose loans may be repaid in whole or in part by the Board. 7 Coming into force. 3 Explanatory Notes Title: 1995 (23rd, 3rd) Bill 11, Students Finance Amendment Act, 1995

Document details

Collection	Alberta — Bills
Citation	L23 S3 2075
Type	bill
Volume / chapter	L23 S3 2075
Language	en
Format	json
Source	PROVINCIAL
Identifier	4f4e4a5def69eb1e7c7aaf2943043ab78e79091e

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