Bill 228 (Legislature 19, Session 4)

L19 S4 3850

Alberta — Bills

1982 BILL 228 Fourth Session, 19th Legislature, 31 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 228

AN ACT TO AMEND THE ALBERTA HERITAGE SAVINGS TRUST FUND ACT (No.2) MR. R. SPEAKER First Reading ................................................................ . Second Reading ............................................................ . Committee of the Whole .................................................. . Third Reading ............................................................... . Royal Assent ................................................................ .

Bill 228 Mr. R. Speaker BILL 228 1982

AN ACT TO AMEND THE ALBERTA HERITAGE SAVINGS TRUST FUND ACT (No.2) (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 The following is added after

section 12,' 12.1

(1) The Provincial Treasurer shall appoint within his de partment an officer known as the Director of Trust Fund Internal Audit and such employees to be under his direction and control as are necessary for the fulfillment of his functions.

(2) The Director shall be responsible for establishing and mon itoring administrative procedures and performance measurement systems for the operation of the Trust Fund and monitoring and reporting on compliance with the investment strategy established by the Investment Committee, by the officers responsible for the management of the Trust Fund.

(3) The Director shall, in each year, prepare a report on the operation of his office and his findings respecting the internal audit of the operation of the Trust Fund.

(4) On completion of the report the Director shall submit it to the Chairman of the Select Standing Committee of the Legislative Assembly on the Alberta Heritage Savings Trust Fund Act who shall 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.

(5) The Director's report, upon being tabled, shall automatically stand referred to the Select Standing Committee which may in- 1

Explanatory Notes 1 This Bill will amend

chapter A-27 of the Revised Statutes of Alberta 1980. 2 Establishes the office of Director of Internal Audit for the Trust Fund. Provides for report by Director. 1

elude the results of its review of the Director's report in its report made pursuant to

section 14(3). 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 228,

An Act to Amend the Alberta Heritage Savings Trust Fund Act (No. 2)

Document details

Collection	Alberta — Bills
Citation	L19 S4 3850
Type	bill
Volume / chapter	L19 S4 3850
Language	en
Format	json
Source	PROVINCIAL
Identifier	b62261881adeb30aac84f4d70557228893f91c8e

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