1976 Bill Second Session, 18th Legislature, 25 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL THE ALBERTA INVESTMENT FUND REP'EAL ACT THE PROVINCIAL 'TREASURER First Reading . .. . .......................... . Second Reading Third Reading ........................ . Printed by the Queen's Printer for the Province of Alberta, EDMONTON Bill BILL THE ~LBERTA INVESTMENT FUND RE·PEAL ACT (Assented to , 1976) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1.. The Alberta Investment Fund Act, 1965 is hereby repealed. 2. Upon the coming into force of this Act, (

a) the assets and liabilities of the Alberta Investment Fund become assets and liabilities of the Govern. ment; (

b) the Provincial Treasurer shall use the assets of the Fund (

i) firstly, to redeem outstanding investment cer­ tificates issued by the Alberta Investment Fund and the interest or dividends payable on those certificates, and (ii) secondly, to discharge all other liabilities of the Alberta Investment Fund; (

c) the Provincial Treasurer shall pay from the Gene~al Revenue Fund without further or other approprIa­ tion all liabilities of the Alberta Investment Fund that cannot be discharged pursuant to clause (b). 3. This Act comes into force on a date to be fixed by Proclamation. Explanatory Notes I. This Bill will repeal

chapter of the Statutes of Alberta, 1965. 2. Disposal of assets and liabilities. Title: 1976 (18th, 2nd) Bill 22, The Alberta Investment Fund Repeal Act