Bill 29 — First Session, 25Th Legislature, 50 Elizabeth Ii the Legislative Assembly of Alberta Bill 29 Alberta Municipal Financing Corporation Amendment Act, 2001 (Legislature 25, Session 1)

L25 S1 124

Alberta — Bills

2001 BILL 29 First Session, 25th Legislature, 50 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 29 ALBERTA MUNICIPAL FINANCING CORPORATION AMENDMENT ACT, 2001 MR. MAGNUS First Reading Second Reading Committee of the Whole Third Reading Royal Assent Title: 2001 (25th, 1st) Bill 29, Alberta Municipal Financing Corporation Amendment Act, 2001

Bill 29 Mr. Magnus BILL 29 2001 ALBERTA MUNICIPAL FINANCING CORPORATION AMENDMENT ACT, 2001 (Assented to , 2001) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: Amends RSA 1980 cA-33 1 The Alberta Municipal Financing Corporation Act is amended by this Act. 2

Section 1 is amended (

a) in clause (

h) by adding “regional airport authority,” after “municipality,”; (

b) by adding the following after clause (i): (i.01) “regional airport authority” means a regional airport authority created under the Regional Airports Authorities Act; 3

Section 4(1)(

b) is amended by adding “regional airport authorities,” after “municipalities,”. 1

Explanatory Notes 1 Amends

chapter A-33 of the Revised Statutes of Alberta 1980. 2

Section 1 presently reads in part: 1 In this Act, (h) “local authority” means an approved hospital, city, hospital district, health region under the Regional Health Authorities Act, mental health hospital, municipality, school district or town; (h.2) “mental health hospital” means a hospital that is under the jurisdiction of a provincial health board under the Regional Health Authorities Act; (i) “municipality” means an improvement district, municipal district, Metis settlement, special area, irrigation district, drainage district, regional services commission or water authority, within Alberta; 3

Section 4(1)(

b) presently reads: 4(1) The share capital of the corporation shall consist of (b) 1000 Class B shares to be allotted only to municipalities, approved hospitals, mental health hospitals and hospital districts, 1 Explanatory Notes

Section 5(2) is amended by adding ". a regional airport authority” before “or a municipality,”. 5

Section 8(1) is amended by striking out “and water authorities shall” and substituting ", regional airport authorities and water authorities shall”. 2

Section 5(2) presently reads:

(2) The rights attached to Class B shares that have been allotted to an approved hospital, a mental health hospital, a hospital district, a health region under the Regional Health Authorities Act or a municipality, other than an improvement district or special area, may be exercised on behalf of the holder of them by its council. 5

Section 8(1) presently reads: 8(1) The corporation may allot shares to cities, towns and municipalities, except irrigation districts, drainage districts, regional services commissions and water authorities, in ratios based on the population of each of them or to school districts in ratios based on the pupil population of each school district in accordance with the regulations but the allotment of shares to approved hospitals, hospital districts, health regions under the Regional Health Authorities Act, mental health hospitals, irrigation districts, drainage districts, regional services commissions and water authorities shall be one Class B share to each hospital, district, health region, commission or authority.

Title: 2001 (25th, 1st) Bill 29, Alberta Municipal Financing Corporation Amendment Act, 2001 2 Explanatory Notes

Document details

Collection	Alberta — Bills
Citation	L25 S1 124
Type	bill
Volume / chapter	L25 S1 124
Language	en
Format	json
Source	PROVINCIAL
Identifier	deb9a47ea676be4ed002c97846e4f337789bc299

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