Bill 83 (Legislature 20, Session 1)

L20 S1 3703

Alberta — Bills

1983 BILL First Session, 20th Legislature, 32 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL ALBERTA MUNICIPAL FINANCING CORPORATION AMENDMENT ACT, 1983 THE PROVINCIAL TREASURER First Reading Second Reading Committee of the Whole Third Reading Royal Assent Bill BILL 83 ALBERTA MUNICIPAL FINANCING CORPORATION AMENDMENT ACT, 1983 (Assented to , 1983) HER MAJESTY, by and vvdth the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Alberta Municipal Financing Corporation Act is amended by this Act. 2 Section 29(1) is amended by striking out "$5 800 000 000" and substituting "$7 000 000 000" In accordance with section 4(1) of the

Interpretation Act, this Bill comes into force on the date it receives Royal Assent. Explanatory Notes This Bill will amend

chapter A-33 of the Revised Statutes of Alberta 1980. 2 Section 29(1) presently reads: 29(1) Notwithstanding anything in sections 22, 24 and 25, the corporation shall not borrow any money by the issue and sale of notes, bonds or debentures or by way of temporary loan when the borrowing would cause the aggregate principal amount of (

a) the outstanding securities issued by the corporation, and (

b) the outstanding temporary loans raised by the corporation, to exceed the aggregate sum of $5 800 000 000. Explanatory Notes Title: 1983 (20th, 1st) Bill 83, Alberta Municipal Financing Corporation Amendment Act, 1983

Document details

Collection	Alberta — Bills
Citation	L20 S1 3703
Type	bill
Volume / chapter	L20 S1 3703
Language	en
Format	json
Source	PROVINCIAL
Identifier	91d8e1f3e92ec7e3b0fab0ee410ca3a585af2355

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