32

 


First Session, 48th General Assembly

65 Elizabeth II, 2016

BILL 32

AN ACT TO AMEND THE LOAN ACT, 2016

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

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

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

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

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

HONOURABLE CATHY BENNETT

Minister of Finance and President of Treasury Board

Ordered to be printed by the Honourable House of Assembly

 

EXPLANATORY NOTE

This Bill would authorize the Lieutenant-Governor in Council to increase the amount of money raised under the Loan Act, 2016 from a maximum amount of "$1,600,000,000" to a maximum amount of "$3,400,000,000".

A BILL

AN ACT TO AMEND THE LOAN ACT, 2016

Analysis


        1.   S.3 Amdt.
Limitation


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

SNL2016 c5

        1. Section 3 of the Loan Act, 2016 is amended by deleting the amount "$1,600,000,000" and substituting the amount "$3,400,000,000".