Bill 71 (Legislature 13, Session 3)

L13 S3 6307

Alberta — Bills

No. 71 3rd Session, 13th Legislature, Alberta 5 Elizabeth II, 1957 BILL 71 A Bill to amend The School Buildings Assistance Act HON. MR. AALBORG EDMONTON, ALBERTA Printed by A. SHNITKA, Printer to the Queen's Most Excellent Majesty, 1957

Explanatory Note 2. Subsection (2) presently reads: "

(2) The debenture may bear an interest rate of three and one-half per cent per annum but if it bears an interest rate of less than three and one-half per cent per annum the school division shall receive of the face value of the debenture only the portion thereof that will result in the net yield of the debenture being three and one-half per cent per annum.".

BILL No. 71 of 1957

An Act to amend The School Buildings Assistance Act (Assented to , 1957) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The School Buildings Assistance Act, being

chapter 298 of the Revised Statutes of Alberta, 1955, is hereby amended.

Section 9 is amended by striking out subsection (2) and by substituting the following: "

(2) The debenture shall bear the same interest rate as the rate approved by the Lieutenant Governor in Coun cil for loans made pursuant to The Alberta Municipal Financing Corporation Act". 3. This Act comes into force on the day upon which the Revised Statutes of Alberta, 1955, come into force.

THIRD SESSION THIRTEENTH LEGISLATURE 5 ELIZABETH II 1957 BILL

An Act to amend The School Buildings Assistance Act Received and read the First time ........ . Second time ....................................... . Third time. HON. MR. AALBORG Title: 1957 (13th, 3rd) Bill 71,

An Act to amend The School Buildings Assistance Act

Document details

Collection	Alberta — Bills
Citation	L13 S3 6307
Type	bill
Volume / chapter	L13 S3 6307
Language	en
Format	json
Source	PROVINCIAL
Identifier	aa8a7b79a607033269b0dacd315bb9a20431ade0

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