2002 1 1 BILL No. 51 of 2002

An Act to amend The Farm Financial Stability Act (No. 2) (Assented to , 2002) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Saskatchewan, enacts as follows:

Short title 1 This Act may beA cited as The Farm Financial Stability Amendment Act, 2002 (No. 2). S.S. 1989-90, c.F-8.001 amended 2 The Farm Financial Stability Act is amended in the manner set forth in this Act.

Section 41 amended 3

Section 41 is amended: (

a) in clause (

a) by adding “ producer or category of member producers ” after “member”; (

b) by adding the following clause after clause (d): “(d.1) ‘feedlot’ means a feedlot approved by a provincial supervisor as a feedlot where livestock commodities may be produced, grown or finished for the purposes of this Part”; and (

c) by repealing clause (

i) and substituting the following: “(i) ‘producer’ means: (

i) an individual who is: (

A) a resident of Saskatchewan; and (

B) at least 18 years of age; or (ii) a corporation that is registered to carry on business in Saskatchewan”.

Section 45 amended 4(1) Clause 45(1)(

a) is repealed and the following substituted: “(

a) on farms or feedlots operated by member producers ”. (2) Clause 45(2)(

c) is repealed and the following substituted: “(

c) any fee that may be prescribed for a guarantee application ”.

Section 46 amended 5 Subsection 46(2) is amended in the portion preceding clause (

a) by adding “and each category of member producers” after “member producers”.

2002FARM FINANCIAL STABILITY 2 2

Section 49 amended 6 Subsection 49(2) is amended by striking out “ producer is unduly at risk because of the activities of that producer” and substituting “member producer or category of member producers is unduly at risk because of the activities of that member producer or those member producers”.

Section 50 amended 7 Clause 50(6)(

b) is repealed and the following substituted: “(

b) on farms or feedlots operated by member producers ”.

Section 59 amended 8 Clause 59(1)(

b) is repealed and the following substituted: “(

b) in the prescribed amounts for each category of member producers ”.

Section 61 amended 9

Section 61 is amended: (

a) by adding the following clauses after clause (a.1): “(a.2) respecting the participation of corporate producers in producer associations, including prescribing the rules pursuant to which corporate producers may participate, as member producers, in programs established pursuant to this Part; “(a.3) prescribing categories of producers ”; (

b) by repealing clauses (

c) to (

e) and substituting the following: “(

c) prescribing for the purposes of

section 45: (

i) the commodities with respect to which a guarantee on a loan made to purchase those commodities may be made; (ii) the information to be provided to the provincial supervisor, including information to be provided to the provincial supervisor for release to the lender; and (iii) the fees that may be charged for a guarantee application; “(

d) prescribing for the purposes of

section 46: (

i) the percentage of each loan that may be guaranteed with respect to a commodity, producer association, category of member producers or category of producer associations; and (ii) the maximum amount of each loan that may be guaranteed with respect to a commodity, producer association, category of member producers or category of producer associations; “(

e) prescribing for the purposes of

section 46: (

i) the terms and conditions on which a guarantee may be made; and (ii) the maximum amount a producer association may borrow with respect to each member producer and each category of member producers for the purpose of obtaining a guarantee”; and

2002 3 3 FARM FINANCIAL STABILITY (

c) by repealing clause (

l) and substituting the following: “(

l) prescribing for the purposes of

section 59: (

i) the time at which member producers are to make contributions to the assurance fund; and (ii) the amounts of contributions each member producer and category of member producers is required to make to the assurance fund”. Coming into force 10 This Act comes into force on proclamation.

2002FARM FINANCIAL STABILITY 4 4 REGINA, SASKATCHEWAN Printed by the authority of THE QUEEN’S PRINTER Copyright©2002