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First
Session, 48th General Assembly 65
Elizabeth II, 2016 |
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AN ACT TO AMEND THE LOAN |
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Received and Read the First Time................................................................................................. |
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Second |
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Committee.......................................................................................................................................... |
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Third |
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Royal Assent...................................................................................................................................... |
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HONOURABLE
CATHY BENNETT Minister of Finance and President of Treasury Board |
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Ordered
to be printed by the Honourable House of Assembly |
EXPLANATORY NOTES This Bill would amend the Schedule to The Loan and Guarantee Act, 1957. Order in Council 2005-066 authorized a loan guarantee in order to secure additional operating credit for the Stephenville Airport Corporation during the period of its restructuring. The guarantee was increased by an additional $250,000 in 2010. This Bill would further increase the guarantee by an additional $300,000 with an expiry date of June 30, 2016. |
A AN ACT TO
AMEND THE LOAN Analysis 1. Schedule Amdt. Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: 1957 No.70 1. The Schedule to The Loan and Guarantee Act, 1957 is amended by amending Item 2 - Stephenville Airport Corporation, as enacted by chapter 6 of 2005 and amended by chapter 20 of 2010, as follows: (a) by striking out the amount "600,000" and substituting the amount "900,000" and by adding an expiry date of "Mar. 31/16"; and (b) by striking out the expiry date of "Mar. 31/16" and substituting the expiry date "Jun. 30/16". ©Queens Printer |