Alberta Gazette — documents gazette 2022 pdf 09 May14 Part2.pdf

documents gazette 2022 pdf 09 May14 Part2.pdf

Alberta — Gazette

Alberta Regulation 60/2022

Health Information Act

HEALTH INFORMATION (EXPIRY

DATE EXTENSION) AMENDMENT REGULATION

Filed: April 20, 2022

For information only: Made by the Lieutenant Governor in Council (O.C. 095/2022)

on April 20, 2022 pursuant to

section 108(1) of the Health Information Act.

1 The Health Information Regulation (AR 70/2001) is

amended by this Regulation.

Section 14 is amended by striking out "April 30, 2022" and

substituting "April 30, 2027".

--------------------------------

Alberta Regulation 61/2022

Municipal Government Act

DEBT LIMIT AMENDMENT REGULATION

Filed: April 22, 2022

For information only: Made by the Minister of Municipal Affairs

(M.O. MSD:024/22) on April 19, 2022 pursuant to sections 271 and 602.32 of the

Municipal Government Act.

1 The Debt Limit Regulation (AR 255/2000) is amended by

this Regulation.

2 The following is added before

section 1:

Part 1

Municipalities

Section 1 is repealed and the following is substituted:

Interpretation

1(1) In this Part, "calculation time" means the point in time referred

to in

section 2.

(2) The

definitions in

section 1 and 241 of the Act apply to this Part.

4 The following is added after

section 6.1:

Part 2

Regional Services Commissions

Interpretation

6.2(1) In this Part, "calculation time" means,

(

a) when preparing the annual audited financial statements of the

regional services commission, December 31 of the

immediately preceding year, and

(

b) when making a borrowing, the date the regional services

commission's board of directors passes a bylaw or resolution

to authorize the borrowing.

(2) The

definitions in

section 602.01(1) of the Act apply to this Part.

Debt limit

6.3(1) The debt limit at the calculation time of a regional services

commission that is authorized to provide public utility services is,

(

a) in respect of the regional services commission's total debt, 2

times the revenue of the regional services commission, and

(

b) in respect of the regional services commission's debt service,

0.35 times the revenue of the regional services commission in

respect of the debt service.

(2) The debt limit at the calculation time of a regional services

commission that is authorized to provide services other than public

utility services is,

(

a) in respect of the regional services commission's total debt,

0.5 times the revenue of the regional services commission,

and

(

b) in respect of the regional services commission's debt service,

0.1 times the revenue of the regional services commission in

respect of the debt service.

Revenue

6.4 For the purposes of

section 6.3, the revenue of a regional services

commission is the total of all revenue reported in the most recent

audited financial statement of the commission, excluding transfers

from the governments of Alberta and Canada for the purposes of a

capital property reported in that statement if those transfers are

included in the total revenue, and before expenses are deducted.

Total debt

6.5 For the purposes of

section 6.3, the total debt of a regional

services commission is the principal outstanding at the calculation time

on borrowings made by the commission less the amount of principal

that the commission is entitled to recover from another regional

services commission or a municipality at the calculation time.

Debt service

6.6(1) For the purposes of

section 6.3, the debt service of the regional

services commission at the calculation time is the sum of,

(

a) for borrowings made by the commission in which the

commission is required to pay principal during the 12 months

after the calculation time, the total amount of principal and

interest that the commission will be required to pay in respect

of those borrowings during the 12 months after the

calculation time, and

(

b) for borrowings made by the commission in which the

commission is not required to pay any principal during the 12

months after the calculation time, the total of the pro rata

amounts in respect of those borrowings determined for the 12

months after the calculation time,

less the amount that the commission is entitled to recover from another

regional services commission or a municipality during the 12 months

after the calculation time.

(2) In subsection (1)(b), the pro rata amount for a borrowing at the

calculation time is determined by the formula

where

"PRA" is the pro rata amount for the borrowing;

"D" is the total amount of principal and interest that the

regional services commission will be required to pay

from the calculation time to the end of the amortization

period of the borrowing;

"E" is the number of months from the calculation time to the

end of the amortization period of the borrowing.

(3) For the purposes of determining D in the formula in subsection (2), if

the actual rate of interest under a borrowing is not known at the calculation

time for some or all of the payments under the borrowing, the rate of

interest for those payments is determined by using the rate of interest in

effect at the calculation time.

Prescribed debt limit

6.7 Notwithstanding anything in this Part, the Minister may, on

application by a regional services commission and on the regional

services commission providing to the Minister a business plan that is

acceptable to the Minister, prescribe a different debt limit for that

regional services commission.

Annual financial statement disclosure

6.8(1)

Section 276 of the Act applies to each regional services

commission as if it were a municipality and as if the reference to

"council" in

section 276(3) were a reference to "board".

(2) For the purposes of applying subsection (1), the reference in

section 276(1)(

b) of the Act to a ministerial regulation is to be treated

as a reference to this Part.

Part 3

Repeal and

Expiry

5 The following is added after

section 7:

Repeal

7.1 The Regional Services Commission Debt Limit Regulation

(AR 76/2000) is repealed.

Section 8 is amended by striking out "December 31, 2022"

and substituting "November 30, 2032".

Document details

Collection	Alberta — Gazette
Citation	documents gazette 2022 pdf 09 May14 Part2.pdf
Type	gazette
Volume / chapter	documents gazette 2022 pdf 09 May14 Part2.pdf
Language	en
Format	json
Source	PROVINCIAL
Identifier	b8d4cb0e657d5957d31e1c6111fc3aa71dfb2204

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