Bill ID 3305 (Legislature 21, Session 1)

L21 S1 3305

Alberta — Bills

1986 BILL Pr First Session, 21st Legislature, 35 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL Pr GALT SCHOLARSHIP FUND ACT MR. GOGO First Reading Second Reading Committee of the Whole Third Reading Royal Assent Bill Pr Mr. Gogo BILL Pr 9 GALT SCHOLARSHIP FUND ACT (Assented to , 1986)

WHEREAS

an Act respecting The Gak Hospital, being

chapter of the Statutes of Alberta, 1954, determined the purposes for which certain trust funds were to be used; and

WHEREAS it is no longer possible to use the trust funds for all purposes set forth in that Act due to the closing of The Gait School of Nursing; and

WHEREAS the Board of the Lethbridge General and AuxiUary Hospital and Nursing Home District No. 65 has by its petition prayed that it be enacted as hereinafter set forth and it is expedient to grant the prayer of the petition; THEREFORE HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 In this Act, (a) "accumulated income" means income from the trust funds which has been paid to the Board by Royal Trust, but which has not been distributed by the Board prior to the date of the transfer of the trust funds to the Board pursuant to this Act; (b) "Board" means the Board of the Lethbridge General and Auxiliary Hospital and Nursing Home District No. 65; (c) "Royal Trust" means The Royal Trust Corporation of Canada, successor to The Royal Trust Company; (d) "trust funds" means the funds which are being held in trust by Royal Trust, pursuant to

section of

chapter of the Statutes of Alberta, 1954. Transfer of trust ftinds Royal Trust shall, as soon as practicable after the com mencement of this Act, transfer the trust funds to the Board. Gait Scholarship xhc trust fuuds shall be held by the Board in trust, in a fund to be known as the Gait Scholarship Fund. Investment JY^Q corpus of thc Gait Scholarship Fund shall be maintained intact, and shall be invested by the Board in any investment permitted under the Trustee Act in order to provide an income for the purposes set forth in

section 5. Sir Alexander T. Gait Scholarships 5(1) The Board shall use the accumulated income and the income from the Gait Scholarship Fund to provide scholarships to graduates of The Gait School of Nursing and to nurses employed by the Board, for the purposes of post-graduate study or training in nursing.

(2) The scholarships shah be known as the Sir Alexander T. Gait Scholarships. 6 The Board may make rules (

a) fixing the maximum amount of money that may be paid as a scholarship; (

b) respecting the qualifications of applicants for the schol arships; (

c) respecting the institutions within or outside Canada at which the scholarships may be held; (

d) respecting the courses of study or training in nursing for which the scholarships may be provided; (

e) respecting the terms and conditions on which the scholarships may be provided. In accordance with

section 4(1) of the

Interpretation Act this Bill comes into force on the date U receives Royal Assent. Title: 1986 (21st, 1st) Bill Pr9, Galt Scholarship Fund Act

Document details

Collection	Alberta — Bills
Citation	L21 S1 3305
Type	bill
Volume / chapter	L21 S1 3305
Language	en
Format	json
Source	PROVINCIAL
Identifier	e1fded1aafbe9a0966285456b2fb0263cb00464d

Source file is stored in the law ingest library (json).