Bill 43 (Legislature 19, Session 1)

L19 S1 4226

Alberta — Bills

1979 BILL 43 First Session, 19th Legislature, 28 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 43 THE CO-OPERATIVE MARKETING ASSOCIATIONS AND RURAL UTILITIES GUARANTEE AMENDMENT ACT, 1979 MR. BRADLEY First Reading Second Reading Committee of the Whole Third Reading Royal Assent Printed by the Queen's Printer for the Province of Alberta, EDMONTON Title: 1979 (19th, 1st) Bill 43, The Co-operative Marketing Associations and Rural Utilities Guarantee Amendment Act, 1979

Bill 43 Mr. Bradley BILL 43 1979 THE CO-OPERATIVE MARKETING ASSOCIATIONS AND RURAL UTILITIES GUARANTEE AMENDMENT ACT, 1979 (Assented to , 1979) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Co-operative Marketing Associations and Rural Utilities Guarantee Act is amended by this Act. 2

Section 3(1) is amended (

a) in clause (

a) by striking out “its principal object the supplying of natural gas, liquefied petroleum gas, water, or electrical energy or power to its members” and substituting “one of its principal objects the supplying of natural gas, liquefied petroleum gas, water or electricity to its members, or the obtaining of any of those services for its members,”, (

b) by repealing clause (e), and (

c) by striking out “electrical energy, and the” and substitut ing “electricity, and the”. 1

Explanatory Notes 1 This Bill will amend

chapter 68 of the Revised Statutes of Alberta 1970. 2

Section 3(1) presently reads in part: 3(1) If (

a) an association incorporated under The Co-operative Associations Act, having as its principal object the supplying of natural gas, liquefied petroleum gas, water, or electrical energy or power to its members (

i) has first paid at least 15 per cent of the amount of any capital expenditure proposed to be made by the association in carrying out its objects, and (ii) has made provision satisfactory to the Provincial Treasurer for the repayment of the guaranteed borrowings and interest, (

e) in the case of an association having as its principal object the supplying of natural gas, the association has been issued a franchise area approval under The Rural Gas Act, the Lieutenant Governor in Council may authorize the Provincial Treasurer, on behalf of the Province, to guarantee the due repayment of any sum, together with interest thereon, borrowed by the association for the purpose of acquiring, constructing, operating, maintaining and administering the pipe lines or works necessary for the carrying, transmission and distribution of natural gas, liquefied petroleum gas, water, or electrical energy, and the Provincial Treasurer, on behalf of the Province, may execute any instrument for the purpose of the guarantee. 1

Section 4(

a) is amended by striking out “its principal object” and substituting “one of its principal objects”. 4

Section 12 is amended by striking out “electrical energy or power” wherever it occurs and substituting “electricity”. 5 This Act comes into force on the day on which it is assented to. 2

Section 4(

a) presently reads in part: 4 If (

a) an association incorporated under The Co-operative Associations Act, having as its principal object the purchase of farm machinery for its members (

i) has first paid at least 15 percent of the amount of any capital expenditure proposed to be made by the association in carrying out its objects, and (ii) has made provision satisfactory to the Provincial Treasurer for the repayment of the guaranteed borrowings and interest, 4 Consequential to the amendment to

section 3. See

section 2 of this Bill. 2 Title: 1979 (19th, 1st) Bill 43, The Co-operative Marketing Associations and Rural Utilities Guarantee Amendment Act, 1979

Document details

Collection	Alberta — Bills
Citation	L19 S1 4226
Type	bill
Volume / chapter	L19 S1 4226
Language	en
Format	json
Source	PROVINCIAL
Identifier	ca6585c255b50ab4d7164893a58e6d810a8c5f9c

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