Bill 226 — Fourth Session, 19Th Legislature, 31 Elizabeth Ii the Legislative Assembly of Alberta Bill 226 An Act To Amend the Alberta Heritage Savings Trust Fund Act (Legislature 19, Session 4)

L19 S4 3849

Alberta — Bills

1982 BILL 226 Fourth Session, 19th Legislature, 31 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 226

AN ACT TO AMEND THE ALBERTA HERITAGE SAVINGS TRUST FUND ACT MR. R. SPEAKER First Reading ................................................................ . Second Reading ............................................................ . Committee of the Whole .................................................. . Third Reading ............................................................... . Royal Assent ................................................................ .

Bill 226 Mr. R. Speaker BILL 226 1982

AN ACT TO AMEND THE ALBERTA HERITAGE SAVINGS TRUST FUND ACT (Assented to , 1982) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Alberta Heritage Savings Trust Fund Act is amended by this Act. 2

Section 14 is amended by adding the following:

(6) The Select Standing Committee shall in each year appoint an independent investment analyst who shall not be a member of the public service and require him to prepare a report on the perfonnance of the Trust Fund for each quarter, which shall show a comparison of the perfonnance of the Trust Fund with other major investment funds.

(7) The analyst shall be paid out of money appropriated to the purpose by the Legislature.

(8) The Provincial Treasurer shall give the analyst such infor mation as he may require for the purpose of completing his report.

(9) The Provincial Treasurer may require the analyst to keep confidential any infonnation where there is reasonable necessity for confidentiality.

(10) On completing each report the analyst shall submit it to the Chainnan of the Select Standing Committee who shall forthwith table it in the Legislative Assembly if it is then sitting, and if it is not then sitting, within 15 days of the commencement of the next sitting. (11). Every report received from the analyst shall stand auto matIcally referred to the Select Standing Committee. 1

Explanatory Notes 1 This Bill will amend

chapter A-27 of the Revised Statutes of Alberta 1980. 2 Appointment of an independent investment analyst. Report by analyst. 1

(12) The Select Standing Committee may include in its report, pursuant to subsection (3), its comments and recommendations arising from the reports from the analyst. In accordance with

section 4( 1) of the

Interpretation Act, this Bill comes into force on the date it receives Royal Assent. 2 Title: 1982 (19th, 4th) Bill 226,

An Act to Amend the Alberta Heritage Savings Trust Fund Act

Document details

Collection	Alberta — Bills
Citation	L19 S4 3849
Type	bill
Volume / chapter	L19 S4 3849
Language	en
Format	json
Source	PROVINCIAL
Identifier	b4f8facda26936e96cc0bbaf8fd6de72bae3c531

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