First

Session, 46th General Assembly

Elizabeth II, 2008

BILL 52

AN ACT TO AMEND THE

STUDENT FINANCIAL

ASSISTANCE ACT NO. 2

Received and Read the First Time ...................................................................................................

Second Reading .................................................................................................................................

Committee ............................................................................................................................................

Third Reading .....................................................................................................................................

Royal Assent ......................................................................................................................................

HONOURABLE

JOAN BURKE

Minister of Education

Ordered

to be printed by the Honourable House of Assembly

EXPLANATORY NOTES

This Bill would amend the Student Financial Assistance Act .

Clause 1 of the Bill would amend the

Act to add a definition for "reserve force".

Clause 2 of the Bill would amend the

Act to provide authority for the Lieutenant-Governor in Council to make

regulations respecting the circumstances in which no payments, interest or fees

on student loans would be payable by a member of the reserve force.

A BILL

AN ACT TO AMEND THE STUDENT FINANCIAL

ASSISTANCE ACT NO. 2

Analysis

1. S.2 Amdt.

Definitions

2. S.16 Amdt.

Lieutenant-Governor in Council regulations

Be it enacted by the Lieutenant-Governor and

House of Assembly in Legislative Session convened, as follows:

SNL2002 cS-29.01

as amended

Section 2 of the Student Financial Assistance Act is amended by adding immediately

after paragraph (

i) the following:

(i.1) "reserve force" means reserve force

as defined in the National Defence Act

( Canada );

2. Subsection 16(1) of the Act is amended by

adding immediately after paragraph (e.2) the following:

(e.3) respecting the circumstances in which no

interest is payable by members of the reserve force in respect of their student

loans;

(e.4) respecting the circumstances in which no fees

may be charged to members of the reserve force on their student loans;

(e.5) respecting the circumstances in which no

amount on account of principal or interest is required to be paid by members of

the reserve force in respect of their student loans;

Earl G. Tucker, Queen's Printer