Bill 16 (Legislature 16, Session 4)

L16 S4 4855

Alberta — Bills

1971 Bill 16 ================================~====~~~~I~ Fourth Session, 16th Legislature, 20\ ~ THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 16 The Alberta Loan Act, 1971 THE PROVINCIAL TREASURER First Reading . . . . . . . . . .. ............... ... . Second Reading Third Reading Printed by L. S. Wall, Queen's Printer, Edmonton

BILL 16 1971 THE ALBERTA LOAN ACT, 1971 (Assented to , 1971) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1. The Lieutenant Governor in Council is hereby author ized to raise from time to time by way of loan such sum or sums of money as are considered expedient for any or all of the following purposes: (

a) for the public service; (

b) for discharging any indebtedness or obligation of the Government of Alberta; (

c) for reimbursing the General Revenue Fund for any moneys expended in discharging any indebtedness or obligation of the Government of Alberta; (

d) for making any payments authorized or required by any Act to be made out of the General Revenue Fund; (

e) for reimbursing the General Revenue Fund for any payn1ents so authorized or required; (

f) for the carrying on of the public works authorized by the Legislature. 2. The principal amount of any securities issued and sold for the purpose of raising any sum or sums of money by way of loan authorized by this Act together with the amount of any temporary loans raised under this Act, to the ex tent that those temporary loans (

a) are from time to time outstanding, or (

b) have been paid from the proceeds of securities issued and sold under the authority of The Financial Administration Act for the purpose of such pay ment, shall not exceed in the aggregate 50 million dollars. 3. The sum or sums of money authorized to be raised by this Act for the purposes mentioned herein are in addition

Explanatory Notes I. Authority of borrowing. 2. Amount of borrowing. 3. Borrowing under other Acts.

to all sums of money authorized to be raised by way of loan under any other Act. 4. The sum or sums of money authorized to be raised by this Act (

a) may be raised in any manner provided by The Financial Administration Act, and (

b) shall be raised upon the credit of the General Revenue Fund and are chargeable thereupon. 5. This Act comes into force on the day upon which it is assented to. 2

4. Form of borrowing. 2 Title: 1971 (16th, 4th) Bill 16, The Alberta Loan Act, 1971

Document details

Collection	Alberta — Bills
Citation	L16 S4 4855
Type	bill
Volume / chapter	L16 S4 4855
Language	en
Format	json
Source	PROVINCIAL
Identifier	85ae2a006c2397399c665666a0d2ec4e9b2bf426

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