Bill 21 — = Second Session, 18Th Legislature, 25 Elizabeth Ii the Legislative Assembly of Alberta Bill 21 the Hai'L and Cro:P In'Sura:Nc'E Amenidiment Act, 1976 (Legislature 18, Session 2)

L18 S2 5593

Alberta — Bills

1976 Bill 21 = Second Session, 18th Legislature, 25 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL THE HAI'L AND CRO:P IN'SURA:NC'E AMENIDIMENT ACT, 1976 THE MINISTER OF AGRICULTURE First Reading . .. ....... . ......... , ....... . Second Reading ........................... . Third Reading .................. . Printed by the Queen's Printer for the Province of Alberta, EDMONTON Bill BILL THE HAI'L AND CROP IN'5URANCE AMENiDMENT ACT, 1976 (Assented to , 1976) HER MAJESTY, by and with the advice and consent of the Legisl,ative Assembly of Alberta, enacts as follows: 1. The Hail and Crop Insurance Act is hereby amended. 2.

Section is amended (

a) as to subsecton (3) by striking out clause (

b) and by substituting the following clause: (

b) the amount the Province undertakes to pay as a share of the premiums paid in respect of those contracts of insurance issued by the corporation which will not be paid by the Government of Canada to the Government of Alberta in accordance with an agreem~nt en· tered into under

section 43. and (

b) by striking out subsection (5) and by substituting the following subsection: ( 5) The Provincilal Treasurer, on the written reo quisition of the Minister, may advance out of the General Revenue Fund to the corporation from ti~e to time an amount equal to that which will be paId by the Government of Canada to the Government of Alberta in accordance with an agreement entered into under

section to a total 'amount not exceeding $30,000,000. 3. This Act comes into force on the day upon which it i$ assented to. Explanatory Notes I. This Bill will amend

chapter of the Revised Statutes of Alberta 1970.

Section 36, subsections (3), (4) and (5) presently read:

(3) From the moneys appropriated by the Legislature for the purpose the Pro vincial Treasurer shall, on the requisition of the Minister, pay to the corporation (

a) the corporation's administration expenses, and (

b) the amount the Province undertakes to pay as a share of the premiums paid in respect of contracts of insurance issued by the corporation.

(4) The Provincial Treasurer, on the requisition of the Minister, may from time to time advance to the corporation a portion of the moneys appropriated by the Legislature for the purposes of subsection (3), and the corporation shall account to the Provincial Treasurer for the moneys so advanced during the same fiscal year in which they are advanced.

(5) The Provincial Treasurer, with the approval of the IAeutenant Governor in Council, and on the written requisition of the Minister, may advance out of the General Revenue Fund to the corporation from time to time for use as working capital such sums as may be stated in the requisition to a total amount not exceeding one million dollars. Title: 1976 (18th, 2nd) Bill 21, The Hail and Crop Insurance Amendment Act, 1976

Document details

Collection	Alberta — Bills
Citation	L18 S2 5593
Type	bill
Volume / chapter	L18 S2 5593
Language	en
Format	json
Source	PROVINCIAL
Identifier	b51a66e9cb9d0f76c19cd8f41d872eaf8bd6882f

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