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62 |
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First
Session, 45th General Assembly 53
Elizabeth II, 2004 |
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AN ACT TO AMEND THE
PENSIONS FUNDING ACT |
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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
LOYOLA SULLIVAN Minister
of Finance and President of Treasury Board |
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Ordered
to be printed by the Honourable House of Assembly |
EXPLANATORY NOTE The purpose of this Bill is to make
it clear that for the investment purposes of the A BILL AN ACT TO AMEND THE PENSIONS Analysis 1.
S.8.1 Added Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: RSNL1990 cP-6 1. The Pensions Funding Act is amended by adding immediately after section 8 the following: Acquisition of real property and mortgages for fund 8.1 Money may be borrowed by way of mortgage and a mortgage may be assumed by a corporation incorporated for the purposes of investment of the fund in real estate. ŠEarl G. Tucker, Queen's Printer |