Third

Session, 46th General Assembly

Elizabeth II, 2010

BILL 47

AN ACT TO AMEND THE ABITIBI -CONSOLIDATED

RIGHTS AND ASSETS ACT

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

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

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

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

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

HONOURABLE SHAWN SKINNER

Minister of Natural Resources

Ordered

to be printed by the Honourable House of Assembly

EXPLANATORY NOTE

This Bill would amend the Abitibi-Consolidated Rights and Assets Act

to revise subsection 10(2) respecting the payment of compensation as a result

of the expropriation of lands and assets under the Act.

A BILL

AN ACT TO AMEND THE ABITIBI-CONSOLIDATED

RIGHTS AND ASSETS ACT

Analysis

1. S.10 Amdt.

No compensation

Be it enacted by the Lieutenant-Governor and

House of Assembly in Legislative Session convened, as follows:

SNL2008 cA-1.01

1. Subsection 10(2) of the Abitibi-Consolidated Rights and Assets Act is repealed and the

following substituted:

(2) Notwithstanding subsection (1), the following

entities affected by the operation of

Schedule C shall be paid the compensation

the Lieutenant-Governor in Council may determine for each of them on an

individual basis as a result of the expropriation of the lands and assets under

this Act:

(

a) Fortis Properties Corporation;

(

b) CHI Hydroelectric Company Inc.; and

(

c) the secured creditors

of the Exploits River Hydro Partnership and the Star Lake Hydro Partnership as

represented by Sun Life Assurance Company of Canada,

or their successors or assigns.

Earl G. Tucker, Queen's Printer