1978 BILL Fourth Session, 18th Legislature, 27 Eliz~l;>eth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL THE OIL AND GAS CONSERVATION AMENDMENT ACT, 1978 THE MINISTER OF ENERGY AND NATURAL RESOURCES First Reading ...................... .' ..................... . Second Reading .......................................... . Committee of the Whole .................................. . Third Reading ........................................... . Royal Assent ............................................ .

Printed by the Queen's Printer for the Province of Alberta, EDMONTON Bill BILL 55 THE OIL AND GAS CONSERVATION AMENDMENT ACT, 1978 (Assented to , 1978) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Oil and Gas Conservation Act is amended by this Act. 2

Section 61 (2) is repealed and thejDl/owing is substituted:

(2) In making the assessment the assessor shall determine the amount of each assessment in accordance with the standards and methods prescribed under

section 58.

(3) The assessor for any purpose related to the making of an assessment may (

a) accept or disregard wholly or in part any statements furnished pursuant to

section 60, (

b) resort to any source to obtain information for the purposes of ascertaining the fair actual value of any oil and gas property, and (

c) by a written demand served personally or by regis­ tered mail require from any person any information specified by the assessor respecting the administration or enforcement of Part of this Act within such time as he may specify in the demand. 3 This Act comes into force on the day upon which it is assented to. 1 UNIVERSITY OF ALBERTA LIBRARY Explanatory Notes This Bill will amend

chapter of the Revised Statutes of Alberta 1970. 2

Section 61 (2) presently reads:

(2) In making the assessment the assessor shall (

a) determine the amount of each assessment in accordance with the standards and methods prescribed under

section 58, (

b) accept or disregard wholly or in part any statements furnished pursuant to

section 60, and (

c) take any steps that he considers necessary and resort to any source to obtain available injormation jar the purpose of ascertaining the fair actual value of any oil and gas property. 1 Title: 1978 (18th, 4th) Bill 55, The Oil and Gas Conservation Amendment Act, 1978