First

Session, 46th General Assembly

Elizabeth II, 2008

BILL 12

AN ACT TO AMEND THE

STUDENT FINANCIAL ASSISTANCE ACT

Received and Read the First Time ...................................................................................................

Second Reading .................................................................................................................................

Committee ............................................................................................................................................

Third Reading .....................................................................................................................................

Royal Assent ......................................................................................................................................

HONOURABLE

JOAN BURKE

Minister of Education

Ordered

to be printed by the Honourable House of Assembly

EXPLANATORY NOTES

This Bill would, in clause 2, repeal provisions

of the Student Financial Assistance Act

respecting the composition of the board of directors of the Student Loan

Corporation of Newfoundland and Labrador . The composition of the

board would then be prescribed by the Lieutenant-Governor in Council by regulation.

The amendments contained in clauses 1

and 3 of the Bill are consequential to the change above.

A BILL

AN ACT TO AMEND THE STUDENT FINANCIAL

ASSISTANCE ACT

Analysis

S.2 Amdt.

Definitions

2. S.14.4 Amdt.

Board of directors

S.16 Amdt.

Lieutenant-Governor in Council Regulations

Be it enacted by the Lieutenant-Governor and

House of Assembly in Legislative Session convened, as follows:

SNL2002 cS-29.01

as amended

1. Paragraph 2(a.1) of the Student Financial Assistance Act is repealed and the following

substituted:

(a.1) "board" means the board of directors

of the corporation;

(1) Subsection 14.4(1) of the Act is repealed and the following

substituted:

Board of

directors

14.4

(1) The Lieutenant-Governor in Council

shall, by regulation, prescribe the composition of the board of directors of

the corporation.

(2) Subsection 14.4(2) of the Act is repealed.

3. Subsection 16(1) of the Act is amended by

deleting the word "and" at the end of paragraph (l), and by adding

immediately after that the following:

(l.1) prescribing the composition of the board; and

Earl G. Tucker, Queen's Printer