Bill 32 — Third Session, 20Th Legislature, 34 Elizabeth Ii the Legislative Assembly of Alberta Bill 32 Alberta Mortgage and Housing Corporation Amendment Act, 1985 (Legislature 20, Session 3)

L20 S3 3370

Alberta — Bills

1985 BILL Third Session, 20th Legislature, 34 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL ALBERTA MORTGAGE AND HOUSING CORPORATION AMENDMENT ACT, 1985 THE MINISTER OF HOUSING First Reading Second Reading Committee of the Whole Third Reading Royal Assent Bill BILL ALBERTA MORTGAGE AND HOUSING CORPORATION AMENDMENT ACT, 1985 (Assented to , 1985) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Alberta Mortgage and Housing Corporation Act is amended by this Act. 2

Section is amended (

a) in subsection (1) by striking out "The operating deficit" and substituting "Subject to subsection (1.1), the operating deficit"; (

b) by adding the following after subsection (1):

(1.1) The Provincial Treasurer may exclude from the oper ating deficit of the Corporation all or any part of an expend iture recorded in the accounts of the Corporation in respect of a provision for a decline in the value of assets held or owned by the Corporation. 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 amends

chapter A-32.5 of the Statutes of Alberta, 1984. 2

Section presently reads: 14(1) The operating deficit of the Corporation shall be paid from money voted by the Legislature for the purposes ofthis Act.

(2) The Provincial Treasurer shall pay to the Corporation the funds re ferred to in subsection (1) in equal monthly instalments unless otherwise agreed between the Provincial Treasurer and the Corporation. Explanatory Notes Title: 1985 (20th, 3rd) Bill 32, Alberta Mortgage and Housing Corporation Amendment Act, 1985

Document details

Collection	Alberta — Bills
Citation	L20 S3 3370
Type	bill
Volume / chapter	L20 S3 3370
Language	en
Format	json
Source	PROVINCIAL
Identifier	a7dbe4f4e1e1de0d2546ad8eca24eb6178973af8

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