Bill 97 — Third Session, 16Th Legislature, 19 Elizabeth,-Y =- , J 1 '" T the Legislative Assembly of Alberta Bill 97 An Act To Amend the Feeder Associations Guarantee Act (Legislature 16, Session 3)

L16 S3 4789

Alberta — Bills

1970 Bill Third Session, 16th Legislature, 19 Elizabeth,-y =- , J 1 '" t THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL

An Act to amend The Feeder Associations Guarantee Act THE MINISTER OF AGRICULTURE First Reading ............................. . Second Reading ............................ . Third Reading ............................. . Printed by L. S. Wall, Queen's Printer, Edmonton BILL

An Act to amend The Feeder Associations Guarantee Act (Assented to , 1970) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Feeder Associations Guarantee Act is hereby amended. 2.

Section is amended by striking out subsection (5) and by substituting the following:

(5) The total amount of borrowings under this Act by a particular feeder association shall not at anyone time exceed an amount as prescribed by the Minister. 3. This Act comes into force on the day upon which it is assented to. Explanatory Notes I. This Bill will amend

chapter of the Revised Statutes.

Section 3, subsections (1) and (5) presently read: 3.

(1) Upon the recommendaUon of the Minister .of Agriculture, the Lieutenant Governor in Council may authorize the Provincial Treasurer to guarantee on behalf of the Province due repayment of the losses that might be sustained by any person as a result of loans made by such person to a feeder associati:on for the purpose of acquiring live st.ock for fattening and finishing by the members thereof.

(5) The total amount of borrowings under this Act by a feeder as sociation shall not at anyone time exceed five hundred thousand dol lars or such lesser amount as the Minister may prescribe for a partic ular association. Title: 1970 (16th, 3rd) Bill 97,

An Act to amend The Feeder Associations Guarantee Act

Document details

Collection	Alberta — Bills
Citation	L16 S3 4789
Type	bill
Volume / chapter	L16 S3 4789
Language	en
Format	json
Source	PROVINCIAL
Identifier	662cc6d2aca43f2c8a52a853acb027475d523fd4

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