Bill 11 (Legislature 18, Session 1)

L18 S1 5463

Alberta — Bills

1975 Bill 11 (Second Session) First Session, 18th Legislature, 24" EUzabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL THE ALBERTA MUNICIPAL FINAN'CING CORPORATION AMENDMENT ACT, 1975 THE PROVINCIAL TREASURER First Reading ............................. . Second Reading ................ , ........... . Third Reading ............................. .

Printed by the Queen's Printer for the Province of Alberta, EDMONTON Bill BILL 11 1975 (Second Session) THE ALBERTA MUNICIPAL FINANCING CORPORATION AMENDMENT ACT, 1975 (Assented to , 1975) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1. The Alberta Municipal Financing Corporation Act is hereby amended.

Section 31, subsection (1) is amended by striking out the figure "$1,400,000,000" and by substituting the figure "$1,700,000,000". 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 of' Alberta 1970. 2. Section 31 (1) presently reads: 31.,

(1) Notwithstanding anything in ·secHons 24, 26 and 27, the corporation shall not borrow any money by the issue and sale of notes, bonds, debentures or by way of temporary loan where the borrowing would cause the aggregate principal amount of (

a) the outstanding notes, bonds, debentures and other securitiel:j issued by the corp o·ration , and (

b) the outstanding tempoTary loans raised by the corporation, to exce.ed the aggrega.te sum of $1,400,000,000, Title: 1975 (18th, 1st) Bill 11, The Alberta Municipal Financing Corporation Amendment Act, 1975

Document details

Collection	Alberta — Bills
Citation	L18 S1 5463
Type	bill
Volume / chapter	L18 S1 5463
Language	en
Format	json
Source	PROVINCIAL
Identifier	715b77c71bf185a8c2c41f6f6409d8119cff1a3e

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