Bill 16 — . A Bill To Amend the Alberta Commercial Services Act (Legislature 15, Session 3)

L15 S3 1320

Alberta — Bills

No. 16 3rd Session, 15th Legislature, Alberta 14 Elizabeth II BILL 16 . A Bill to amend The Alberta Commercial Services Act HON. MR. PATRICK Printed by L. S. WALL, Printer to the Queen's Most Excellent Majesty, mAl ___ +__ A ,,,,,,,,,,,-,"_ "'Io,t!l!

Explanatory Note l. This Bill amends

chapter 12 of the Statutes of Alberta, 1964. 2. The maximum limit for outstanding advances from the Gen eral Revenue Fund to the Alberta Commercial Corporation is increased from $1,000,000. to $3,000,000.

Section 10 presently reads: 10.

(1) The corporaUon shall (

a) keep full and accurate books of account and records of its business and affairs, (

b) in the month of January in e~ch year, CMlse to be prepared and audited by the Provincial Auditor or his nominee an annual report and ,balance sheet of the corporation's business for the year ending with the preceding thirty-first day of December, and (

c) at any other time when required to do so by the Lieutenant Governor in Council, cause to be prepared and audited a balance sheet with respect to such part of its business and covering such period as may be specified by the Lieutenant Governor in Council.

(2) Every report and balance sheet so prepared and audited shall be delivered by ,the corporation to the Minister for submission to the Lieutenant Governor in Council.

(3) The Minister shall lay a copy of the aUdited balance sheet before the Legislative Assembly within fifteen days after the com mencement of the next ensuing session following Ithe delivery of the balance sheet to the Minister. The amendments are made to distinguish the procedures in respect of the corporation's annual report from those that apply to its balance sheet. Subsection (4) is the present subsection (3) in a revised form. 4. Commencement of Act.

BILL No,. 16 nf 1966

An Act to amend The Alberta Cnmmercial Services Act (Assented to , 1966) HER MAJESTY, by and with the advice and cnnsent of the Legislative Assembly of the Prnvince of Alberta, enacts as follows: 1. The Alberta Commercial Services Act is hereby amended. 2. Sectinn 9, subsection (1) is amended by striking nut the wnrds "nne millinn" and by substituting the words "three millinn". 3. Sectinn 10 is amended (

a) as to, subsectinn (1) by striking nut clause (

b) and by substituting the fnllnwing: (

b) after the end nf each year, prepare a report summarizing its business and affairs during the preceding year, (bl) after the end nf each year, cause to, be pre pared and audited by the Prnvincial Auditnr nr his nnminee a balance sheet nf its transac tinns in the preceding year, and (

b) by striking nut subsectinns (2) and (3) and by substituting the fnllowing:

(2) When an annual repnrt is prepared, the cnr poratinn shall deliver a C'OPy nf it to, the Minister fnr submission to, the Lieutenant Gnvernnr in Council.

(3) When a balance sheet is prepared and audited pursuant to, clause (bl) or (

c) nf subsectinn (1), the Prnvincial Auditnr shall deliver a copy of it to, the Minister fnr submissinn to, the Lieutenant Gov ernnr in Cnuncil.

(4) Upnn receiving a copy 'Of an audited balance sheet, the Minister shall lay a cnpy nf it before the Legislative Assembly if it is then in sessinn and if not, within fifteen days nf the cnmmencement Qf the next ensuing sessinn. 4. This Act CQmes into, force on the day upon which it is assented to,.

No. 16 THIRD SESSION FIFTEENTH LEGISLATURE 14 ELIZABETH II 1966 BILL

An Act to amend The Alberta Commercial Services Act Received and read the First time .......................... . Second time ..................................... . Third time .......................... . HON. MR. PATRICK Title: 1966 (15th, 3rd) Bill 16,

An Act to amend The Alberta Commercial Services Act

Document details

Collection	Alberta — Bills
Citation	L15 S3 1320
Type	bill
Volume / chapter	L15 S3 1320
Language	en
Format	json
Source	PROVINCIAL
Identifier	73266e660e0ba845d1588b1f7ff15db90e83f22b

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