12

 

First Session, 46th General Assembly

57 Elizabeth II, 2008

BILL 12

AN ACT TO AMEND THE STUDENT FINANCIAL ASSISTANCE ACT

Received and Read the First Time...................................................................................................

Second Reading.................................................................................................................................

Committee............................................................................................................................................

Third Reading.....................................................................................................................................

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

HONOURABLE JOAN BURKE

Minister of Education

Ordered to be printed by the Honourable House of Assembly

 

EXPLANATORY NOTES

This Bill would, in clause 2, repeal provisions of the Student Financial Assistance Act respecting the composition of the board of directors of the Student Loan Corporation of Newfoundland and Labrador.  The composition of the board would then be prescribed by the Lieutenant-Governor in Council by regulation.

The amendments contained in clauses 1 and 3 of the Bill are consequential to the change above.

A BILL

AN ACT TO AMEND THE STUDENT FINANCIAL ASSISTANCE ACT

Analysis

        1.   S.2 Amdt.
Definitions

        2.   S.14.4 Amdt.
Board of directors

        3.   S.16 Amdt.
Lieutenant-Governor in Council Regulations

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

SNL2002 cS-29.01 as amended

        1. Paragraph 2(a.1) of the Student Financial Assistance Act is repealed and the following substituted:

          (a.1)  "board" means the board of directors of the corporation;

 

        2. (1) Subsection 14.4(1) of the Act is repealed and the following substituted:

Board of directors

   14.4 (1) The Lieutenant-Governor in Council shall, by regulation, prescribe the composition of the board of directors of the corporation.

             (2)  Subsection 14.4(2) of the Act is repealed.

 

        3. Subsection 16(1) of the Act is amended by deleting the word "and" at the end of paragraph (l), and by adding immediately after that the following:

           (l.1)  prescribing the composition of the board; and 

ŠEarl G. Tucker, Queen's Printer