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Statutes of Newfoundland and Labrador 2016
AN ACT TO AMEND THE HYDRO
(Assented to December 12, 2016)
Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:
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 Section 30 of the Hydro Corporation Act, 2007 is repealed and the following substituted: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.