2014 Bill 31

	31


Third Session, 47th General Assembly 63 Elizabeth II, 2014
BILL 31
AN ACT TO AMEND THE LOAN AND GUARANTEE ACT, 1957
Received and Read the First Time.................................................................................................
Second Reading.................................................................................................................................
Committee..........................................................................................................................................
Third Reading.....................................................................................................................................
Royal Assent......................................................................................................................................
HONOURABLE ROSS WISEMAN Minister of Finance and President of Treasury Board
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.

The province has guaranteed a letter of credit issued by the Royal Bank of Canada on behalf of Marble Mountain Development Corporation to secure the corporation's payment obligations under a contract to replace the main chairlift. The guarantee will expire on May 15, 2015.

A BILL

AN ACT TO AMEND THE LOAN AND
GUARANTEE ACT, 1957

Analysis

1. Schedule Amdt.

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

1957 No.70
as amended

1. The Schedule to The Loan and Guarantee Act, 1957 is amended by adding the following:

Company		Amount	Date of Issue	Expiry Date
Royal Bank of Canada on behalf of Marble Mountain Development Corporation		2,000,000	Oct. 27/14	May 15/15