Bill 204 — Third Session, 27Th Legislature, 59 Elizabeth Ii the Legislative Assembly of Alberta Bill 204 Fiscal Responsibility (Spending Limit) Amendment Act, 2010 (Legislature 27, Session 3)

L27 S3 5876

Alberta — Bills

2010 Bill 204 Third Session, 27th Legislature, 59 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 204 FISCAL RESPONSIBILITY (SPENDING LIMIT) AMENDMENT ACT, 2010 MR. ANDERSON First Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Second Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Committee of the Whole . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Third Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

1 Bill 204 Mr. Anderson BILL 204 2010 FISCAL RESPONSIBILITY (SPENDING LIMIT) AMENDMENT ACT, 2010 (Assented to , 2010) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: Amends SA 2009 cF-15.1 1 The Fiscal Responsibility Act is amended by this Act. 2 (

a) by adding the following after clause (g):

Section 1 is amended (g.1) “government spending” means, with respect to a fiscal year, the total budgetary expenditure of the General Revenue Fund or, in a province other than Alberta, an equivalent fund or funds, but does not include the following: (

i) debt servicing costs for the fiscal year, (ii) increases or decreases in liabilities respecting pensions, and (iii) expenditures made as a direct result of a public emergency or disaster; (

b) by adding the following after clause (i): (j) “spending limit” means the limit on government spending for a fiscal year determined in accordance with

section 5.2;

Explanatory Notes 1 Explanatory Notes 1 Amends

chapter F-15.1 of the Statutes of Alberta, 2009. 2

Definitions added.

2 Government spending not to exceed spending limit 3 The following is added after

section 5: 5.1 Government spending in the Province of Alberta in a fiscal year shall not exceed the spending limit. Spending limit formula 5.2 (a) “Canadian province” does not include the Canadian territories;

(1) In this section, (b) “CPI” means the Consumer Price Index for Alberta, All Items, published by Statistics Canada; (c) “growth factor” means the sum of the rate of inflation plus the rate of population change determined in accordance with this section; (d) “provincial per capita average” means the average per capita government spending of the Canadian provinces, excluding Alberta, in the fiscal year preceding the spending limit year; (e) “spending limit year” means the fiscal year for which a spending limit is being determined.

(2) The spending limit for the 2011-2012 fiscal year shall be (

a) government spending for the 2010-2011 fiscal year multiplied by the sum of one plus the growth factor, or (

b) the provincial per capita average multiplied by the population of Alberta for the 2010-2011 fiscal year, whichever is greater.

(3) The spending limit for each fiscal year following 2011-2012 shall be (

a) the spending limit for the fiscal year preceding the spending limit year multiplied by the sum of one plus the growth factor, or (

b) the provincial per capita average multiplied by the population of Alberta for the fiscal year preceding the spending limit year, whichever is greater.

Explanatory Notes 2 3 Sections added concerning limits on government spending.

(4) In this section, (

a) the rate of inflation is determined by the formula X = B A – B where X is the rate of inflation, A is the sum of the 12 individual monthly CPI indexes for the 12-month period ending on August 31 of the fiscal year preceding the spending limit year, B is the sum of the 12 individual monthly CPI indexes for the 12-month period preceding the 12- month period referred to in A; (

b) the rate of population change is determined by the formula X = B A – B where X is the rate of population change, A is the population of Alberta in the fiscal year preceding the spending limit year, B is the population of Alberta in the fiscal year preceding the period referred to in A; (

c) the population of a province for a fiscal year shall be the estimate of the population of the province as of July 1 of that year in statistics published by Statistics Canada; (

d) the per capita government spending of a province in the fiscal year preceding the spending limit year shall be calculated by dividing the government spending of a province by the population of that province for that fiscal year.

Explanatory Notes 3

4 Regulations 5.3(1) The Lieutenant Governor in Council may make regulations (

a) respecting what constitutes an emergency or disaster for the purposes of

section 1(g.1)(iii); (

b) respecting any matter necessary or advisable to carry out effectively the intent and purpose of this Act. 4 This Act comes into force on January 1, 2011.

Explanatory Notes 4 4 Coming into force.

Record of Debate STAGE DATE MEMBER FROM TO TOTAL CUMULATIVE TOTAL Title: 2010 (27th, 3rd) Bill 204, Fiscal Responsibility (Spending Limit) Amendment Act, 2010

Document details

Collection	Alberta — Bills
Citation	L27 S3 5876
Type	bill
Volume / chapter	L27 S3 5876
Language	en
Format	json
Source	PROVINCIAL
Identifier	ff0fc467a9666219a1efae82d5c8a5b2c0095c40

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