Bill 222 — Second Session, 24Th Legislature, 47 Elizabeth Ii the Legislative Assembly of Alberta B Ill 222 Fisc A L Sta B Iliza Tio N Fu N D C A Lc U La Tio N A C T (Legislature 24, Session 2)

L24 S2 1025

Alberta — Bills

1998 BILL Second Session, 24th Legislature, 47 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA B ILL FISC A L STA B ILIZA TIO N FU N D C A LC U LA TIO N A C T MR. ZWOZDESKY First Reading Second Reading Committee of the Whole Third Reading Royal Assent B ill M r.

Z w ozdesky B ILL FISC A L STA B ILIZA TIO N FU N D C A LC U LA TIO N A C T (A ssented to , 1998) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: R eport by P rovincial Treasurer 1(1) At the end of each fiscal year, commencing with the fiscal year ending March 31, 1999, the Provincial Treasurer shall prepare a report on how the financial affairs of the Government would have been affected if there was a Fiscal Stabilization Fund.

(2) In preparing the report under subsection (1), the Provincial Treasurer shall assume that $200 is transferred to the Fiscal Stabilization Fund each fiscal year commencing with the 1998-99 fiscal year. P urpose The purpose of the report under

section is to determine how the Fiscal Stabilization Fund would have (

a) assisted in stabilizing the fiscal position of the Government in response to the cyclical nature of the Alberta economy, (

b) protected the sustainability of social programs, and (

c) improved the long-term fiscal planning framework of the Government. C alculation 3(1) In preparing his report under

section 1, the Provincial Treasurer shall calculate the amount that the Fiscal Stabilization Making report public Fund would have been reduced by transfers to the General Revenue Fund for any of the purposes in

section 2.

(2) The amount calculated as remaining to the credit of the Fiscal Stabilization Fund in any fiscal year shall be calculated as remaining in the Fund for the next fiscal year. 4(1) The Provincial Treasurer shall lay the report prepared under

section before the Legislative Assembly, if it is sitting, when the report is completed or, if it is not then sitting, within 15 days after the commencement of the next sitting.

(2) If the Legislative Assembly is not sitting when the report is completed, the Provincial Treasurer shall make the report public by depositing a copy with the Clerk of the Legislative Assembly and providing a copy to each Member of the Legislative Assembly. 2 Title: 1998 (24th, 2nd) Bill 222, Fiscal Stabilization Fund Calculation Act

Document details

Collection	Alberta — Bills
Citation	L24 S2 1025
Type	bill
Volume / chapter	L24 S2 1025
Language	en
Format	json
Source	PROVINCIAL
Identifier	620bdbe4139dbf7a5674ca4a25e7fe9d58c7e2de

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