Bill 11 (Legislature 17, Session 4)

L17 S4 5413

Alberta — Bills

1975 Bill i •• ii' IT. Fourth Stls'Siinp:P1tt\.~~egislature, 24 Elizabeth II THE LEG1SLATIVE ASSEl\fBLY OF ALBERTA BILL THE ALBERTA MUNICIPAL FINANCING CORPORATION A4VlENDMENT ACT, 1~75 THE PROVINCIAL TREASURER First Reading ............................. . Second Reading ............................ . Third Reading ............................. . Printed by the Queen's Printer for the Province of Alberta, EDMONTON Bill BILL THE ALBERTA MUNICIPAL FINANCING CORPORATION AMENDMENT ACT, 1975 (Assented to , 1975) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1. The Alberta Municipal Financing Corporation Act is hereby amended.

Section 31, subsection (1) is amended by striking out the figure "$1,400,000,000" and by substituting the figure "$1,600,000,000". 3. This Act comes into force on the day upon which it is assented to. Expla natory Notes I. This Bill will amend

chapter of the Revised Statutes of Alberta 1970, 2. Section 31(1) presently reads: 31 .•

(1) Notwit.h.Sltanding anything in :sections 24" 26 and 27~ tht' corporatIOn shall not borrow any money by the issue and sale of notes, bonds, debentures or by way of temporary loan where the borrowing would cause the aggregate principal amount of (a) 'the outstanding notes, bonds, debentures and other securHieh issued by the corporation, and (

b) the outstanding tempo'rary loans raised by the corporation, to exceed the aggrega.te sum of $1,400,000,000. Title: 1975 (17th, 4th) Bill 11, The Alberta Municipal Financing Corporation Amendment Act, 1975

Document details

Collection	Alberta — Bills
Citation	L17 S4 5413
Type	bill
Volume / chapter	L17 S4 5413
Language	en
Format	json
Source	PROVINCIAL
Identifier	afebe764414d19a17a21c537e4e3edcd0b1fd9d3

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