1.   Short title

        2.   RSNL1990 cM-21 Rep.

        3.   Crown successor

        4.   Commencement

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

Short title

        1. This Act may be cited as the Municipal Financing Corporation Repeal Act.

RSNL1990 cM-21 Rep.

        2. The Municipal Financing Corporation Act is repealed.

Crown successor

        3. (1) Title to all property and assets of the Newfoundland and Labrador Municipal Financing Corporation is vested in the Crown.

             (2)  The Crown is charged with and assumes all of the obligations and liabilities of the Newfoundland and Labrador Municipal Financing Corporation.

Commencement

        4. This Act comes into force on December 31, 2024.

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