No. 19 2nd Session, 13th Legislature, Alberta 4 Elizabeth II, 1956 BILL 19 A Bill to an1end The lYlunicipal Capital Expenditure Loans Act HON. MR. HINMAN EDMONTON, ALBERTA Printed by A. SHNITKA, Printer to the Queen's Most Excellent Majesty 1956

Explanatory Note ~. Amends

section 3 (2) to provide that the aggregate of all net advances to the Fund is not to exceed $125,000,.000.00 At present the limit is $100,000,000.0.0.

Part II will make a similar amend­ ment to the equivalent revision section. 3. Provides that twenty-five millions may be loaned in the com­ ing fiscal year. 5. Coming into force provisions.

BILL No. 19 of 1956

An Act to amend The Municipal Capital Expenditure Loans Act (Assented to , 19/)6) HER MAJ~ST~, by and with the advice and consent of the LegIslatIve Assembly of the Province of Alberta, enacts as follows:

PART I 1. The Municipal Capital Expenditure Loans Act, being

chapter 81 of the Statutes of Alberta, 1953, is hereby amended.

Section 3, subsection (2) is amended by adding im­ mediately after the words "one hundred" the words "and twenty-five". 3. The Provincial Treasurer is hereby authorized to ad­ vance to the Municipal Loans Revolving Fund in the fiscal year 1956-57 the sum of twenty-five million dollars.

PART II

Section 3, subsection (2) of The Munidpal Capital Expenditure Loans Act, being

chapter 213 of the Revised Statutes of Alberta, 1955, is amended by adding immediate­ ly after the words "one hundred" the words "and twenty­ five" . 5.

Part I and this

section come into force on the day upon which it is assented to and

Part II comes into force and

Part I is repealed, except

section 3, on the day the Re­ vised Statutes of Alberta, 1955, come into force.

SECOND SESSION THIRTEENTH LEGISLATURE 4 ELIZABETH II 1956 BILL

An Act to amend The Municipal Capital Expenditure Loans Act Received and read the First time ......................................... . Second time ....................................... . Third time ......................................... . RON. MR. HINMAN Title: 1956 (13th, 2nd) Bill 19,

An Act to amend The Municipal Capital Expenditure Loans Act