Bill 5 (Legislature 18, Session 3)

L18 S3 5707

Alberta — Bills

1977 BILL Third Session, 18th Legislature, 26 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL THE ALBERTA MUNICIPAL FINANCING CORPORATION AMENDMENT ACT. 1977 THE PROVINCIAL TREASURER First Reading ............................................ . Second Reading .......................................... . Third Reading ........................................... .

Printed by the Queen's Printer for the Province of Alberta, EDMONTON Bill BILL THE ALBERTA MUNICIPAL FINANCING CORPORATION AMENDMENT ACT, 1977 (Assented to , 1977) 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 0) is amended (

a) by striking out the word "outsanding" and by substituting the word "outstanding", and (

b) by striking out thefigure "$1,900,000,000" and by substi tuting the figure "$2,200,000,000". 3. This Act comes intoforce on the day upon which it is assented to. 1 Explanatory Notes 1. This Bill will amend

chapter of the Revised Statutes of Alberta 1970.

Section 31 (

I) presently reads: 31. (]) Notwithstanding anything in sections 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 outsanding notes, bonds, debentures and other securities issued by the corporation, and (

b) the outstanding temporary loans raised by the corporation, to exceed the aggregate sum of $1, 900, 000, 000. 1 Title: 1977 (18th, 3rd) Bill 5, The Alberta Municipal Financing Corporation Amendment Act, 1977

Document details

Collection	Alberta — Bills
Citation	L18 S3 5707
Type	bill
Volume / chapter	L18 S3 5707
Language	en
Format	json
Source	PROVINCIAL
Identifier	79712a663e5c8dccda816c51e35c918893889579

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