Statutes of Newfoundland and Labrador 2004 Chapter 49

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Statutes of Newfoundland and Labrador 2004

Statutes of Newfoundland and Labrador 2004 Chapter 49 CHAPTER 49

AN ACT TO AMEND THE PENSIONS
FUNDING ACT
(Assented to December 16, 2004)

Analysis

1. S.8.1 Added
Acquisition of real property and mortgages for fund

Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

RSNL1990 cP-6
as amended

1. The Pensions Funding Act is amended by adding immediately after section 8 the following:

Acquisition of real property and mortgages for fund

8.1 Money may be borrowed by way of mortgage and a mortgage may be assumed by a corporation incorporated for the purposes of investment of the fund in real estate.