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48 |
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First
Session, 48th General Assembly 65
Elizabeth II, 2016 |
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AN ACT TO AMEND THE
HYDRO CORPORATION ACT, 2007 |
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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 SIOBHAN COADY Minister of Natural Resources |
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Ordered
to be printed by the Honourable House of Assembly |
EXPLANATORY NOTE This Bill would amend the Hydro Corporation Act, 2007 to increase the cap on the total outstanding debt of the corporation, as well as the total of all loans to the corporation which may be guaranteed by or on behalf of the Crown. |
A BILL AN ACT TO AMEND THE HYDRO Analysis 1. S.30
R&S Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: SNL2007 cH-17 1. Section 30 of the Hydro Corporation Act, 2007 is repealed and the following substituted: Total amount of loan 30. (1) The total amount of the corporation's outstanding debt at any time shall not exceed $2,100,000,000 in Canadian currency or its equivalent in the currency of another country. (2) The total debt referred to in subsection (1) that is guaranteed by or on behalf of the Crown shall not exceed $2,100,000,000 in Canadian currency or its equivalent in the currency of another country. ©Queen's Printer |