Bill 213 — Second Session, 23Rd Legislature, 43 Elizabeth Ii the Legislative Assembly of Alberta Bill 213 Loan Guarantees Statutes Amendment Act, 1994 (Legislature 23, Session 2)

L23 S2 2225

Alberta — Bills

1994 BILL 213 Second Session, 23rd Legislature, 43 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 213 LOAN GUARANTEES STATUTES AMENDMENT ACT, 1994 MS. CARLSON First Reading Second Reading Committee of the Whole Third Reading Royal Assent Title: 1994 (23rd, 2nd) Bill 213, Loan Guarantees Statutes Amendment Act, 1994

Bill 213 Ms. Carlson BILL 213 1994 LOAN GUARANTEES STATUTES AMENDMENT ACT, 1994 (Assented to , 1994) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Department of Economic Development and Trade Act is amended by repealing

section 9. 1

Explanatory Notes 1 Amends

chapter D-16.1 of the Statutes of Alberta

Section 9 presently reads: 9(1 ) The Lieutenant Governor in Council may make regulations providing for guarantees and indemnities by the Government in respect of the repayment of loans or the performance of other obligations made or incurred, or that will be made or incurred, for the purpose of undertaking or developing projects beneficial to Alberta with respect to economic development or trade.

(2) Regulations under subsection (1) may (

a) prescribe the purposes for which a Government guarantee or indemnity may be given; (

b) prescribe the persons or organizations or classes of persons or organizations eligible to apply for guarantees or indemnities; (

c) prescribe the procedure for the submission of applications for guarantees or indemnities; 1

2 The Department of Technology, Research and Telecommunications Act is amended by repealing

section 10. 2

(

d) prescribe the form and contents of applications for guarantees or indemnities; (

e) prescribe the conditions required to be met by applicants to render them eligible for guarantees or indemnities; (

f) prescribe the terms and conditions on which guarantees or indemnities are to be given; (

g) prescribe the security to be given to the Government by applicants in consideration of guarantees or indemnities; (

h) define, for the purposes of this section, undertakings and developments constituting projects beneficial to economic development or trade.

(3) A guarantee or indemnity given pursuant to the regulations under this

section (

a) shall be in the form approved by the Provincial Treasurer, and (

b) may be executed on behalf of the Government by the Provincial Treasurer, the Deputy Provincial Treasurer or any other person designated by the Provincial Treasurer. 2 Amends

chapter D-28.5 of the Statutes of Alberta

Section 10 presently reads: 10(1) The Lieutenant Governor in Council may make regulations providing for guarantees and indemnities by the Government in respect of the repayment of loans or the performance of other obligations made or incurred, or that will be made or incurred, for the purpose of undertaking or developing projects that are beneficial to Alberta related to matters under the administration of the Minister.

(2) Regulations under subsection (1) may (

a) prescribe the purposes for which a Government 2

3 The Department of Tourism, Parks and Recreation Act is amended by repealing

section 9. 4 Nothing in this Act shall affect any guarantee or indemnity entered into by the Government under the Department of Economic 3

guarantee or indemnity may be given; (

b) prescribe the persons or organizations or classes of persons or organizations eligible to apply for guarantees or indemnities; (

c) prescribe the procedure for the submission of applications for guarantees or indemnities; (

d) prescribe the form and contents of applications for guarantees or indemnities; (

e) prescribe the conditions required to be met by applicants to render them eligible for guarantees or indemnities; (

f) prescribe the terms and conditions on which guarantees or indemnities are to be given; (

g) prescribe the security to be given to the Government by applicants in consideration of guarantees or indemnities; (

h) define, for the purposes of this section, undertakings and developments constituting projects beneficial to Alberta related to matters under the administration of the Minister.

(3) A guarantee or indemnity given pursuant to the regulations under this

section (

a) shall be in the form approved by the Provincial Treasurer, and (

b) may be executed on behalf of the Government by the Provincial Treasurer, the Deputy Provincial Treasurer or any other person designated by the Provincial Treasurer. 3 Amends

chapter D-28.9 of the Statutes of Alberta

Section 9 presently reads: 9(1) The Lieutenant Governor in Council may make regulations providing for guarantees and indemnities by the Government in 3

Development and Trade Act, the Department of Technology, Research and Telecommunications Act or the Department of Tourism, Parks and Recreation Act for the repayment of loans or the performance of other obligations prior to the coming into force of this Act. 4

respect of the repayment of loans or the performance of other obligations made or incurred, or that will be made or incurred, for the purpose of undertaking or developing projects beneficial to tourism in Alberta.

(2) Regulations under subsection (1) may (

a) prescribe the purposes for which a Government guarantee or indemnity may be given; (

b) prescribe the persons or organizations or classes of persons or organizations eligible to apply for guarantees or indemnities; (

c) prescribe the procedure for the submission of applications for guarantees or indemnities; (

d) prescribe the form and contents of applications for guarantees or indemnities; (

e) prescribe the conditions required to be met by applicants to render them eligible for guarantees or indemnities; (

f) prescribe the terms and conditions on which guarantees or indemnities are to be given; (

g) prescribe the security to be given to the Government by applicants in consideration of guarantees or indemnities; (

h) define, for the purposes of this section, undertakings and developments constituting projects beneficial to tourism.

(3) A guarantee or indemnity given pursuant to the regulations under this

section (

a) shall be in the form approved by the Provincial Treasurer, and (

b) may be executed on behalf of the Government by the Provincial Treasurer, the Deputy Provincial Treasurer or any other person designated by the Provincial Treasurer. 4 Title: 1994 (23rd, 2nd) Bill 213, Loan Guarantees Statutes Amendment Act, 1994

Document details

Collection	Alberta — Bills
Citation	L23 S2 2225
Type	bill
Volume / chapter	L23 S2 2225
Language	en
Format	json
Source	PROVINCIAL
Identifier	aa334c3eac34964f509563936624bb8f322fe60d

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